- X unveils plans to integrate payment solutions, sparking speculations of Dogecoin’s potential role.
- Elon Musk refutes claims of charging users for X platform access, soothing user anxieties.
X’s ‘Everything App’ Embarks on a Bold Journey with Advanced Payment Integrations
Formerly known as Twitter, the platform now rebranded as X is set to revolutionize user experience with the planned overhaul of its ‘Everything’ app. X CEO, Linda Yaccarino, took to the platform with a teaser video, hinting at the myriad of features en route, including seamless payments through chat functionalities. The rejuvenated vision for the Everything app aims to transform it into a hub for information sharing, community engagement, instant purchases, and swift money transfers. Furthermore, the app promises users lucrative opportunities as members of Meta’s thriving creator community.
— Linda Yaccarino (@lindayaX) September 20, 2023
Deductive reasoning suggests a holistic integration, with X aspiring to blend social interaction and financial transactions seamlessly. With Elon Musk’s acquisition of the platform, speculation around potential integrations has been rampant. Given Musk’s vocal endorsement of cryptocurrencies, particularly Dogecoin (DOGE), many are left wondering if DOGE could be a favored payment method on X.
Following Musk’s takeover, DOGE witnessed an impressive rally, solidifying its position among the top ten digital assets by market capitalization.
Dispelling Fee Rumors
Recent buzz suggested a potential fee introduction for users to access X. Understandably, the rumors triggered concerns among the platform’s vast user base, with many fearing new costs to access their profiles. Addressing these whispers, Musk was quick to dismiss the allegations, assuring users that X will remain free for all. This swift clarification received widespread appreciation, mitigating the unrest stirred by the initial reports.
Further diving into the narrative, a post had suggested Musk’s inclination towards levying a nominal monthly fee for X users. However, upon examination, the ‘Community Notes’ identified this information as misleading.
Parallelly, Musk’s willingness to share user data from X has grabbed attention, particularly amid growing scrutiny from German regulatory bodies. Reports indicate a significant increase in the number of cases where X has complied with German authorities’ requests. Sebastian Murer, from the Munich public prosecutor’s office, revealed that X now collaborates in 50 to 100 cases monthly with Bavarian officials, marking a considerable uptick post-acquisition.