Musk Soon to Launch Payment Feature Uncertain About Using Dogecoin

Source: Blockchain Knight
CEO of Company X, Linda Yaccarino, announced that the social media platform (formerly known as Twitter) is set to introduce a payment feature for users, moving closer towards becoming a “universal app”.
Speaking at the Cannes International Creativity Festival in France, Yaccarino emphasized the innovative progress the company has made under her leadership since Elon Musk’s acquisition of Twitter in 2022.
Yaccarino stated, “We are focusing on meeting the needs of our users. The vision we have and the pace of innovation within the company is indescribable.”
Musk envisions Twitter to be an “all-encompassing app”, covering services ranging from banking to dating, and the introduction of the payment feature is a part of Musk’s vision.
The upcoming financial ecosystem aims to integrate various technological capabilities to offer users a multitude of new experiences. Initially, the payment feature is planned to support only “fiat currency”, but there is a possibility of supporting Crypto asset payments in the future as development progresses.
This aligns with Musk’s enthusiasm for Dogecoin, although it has not been officially confirmed whether Dogecoin will be integrated.
Company X has made significant strides, obtaining three remittance licenses in July last year, laying the foundation for its new payment system.
Yaccarino stressed that this development will provide users with a range of new experiences, changing the way they interact and transact on the platform. She added, “There are so many new things waiting for us to experience, once we roll out the payment system, a financial system will emerge on the X platform.”
In addition to payments, X also plans to introduce other features, including video calls and job search functionalities. These new additions are part of a broader strategy to enhance the platform’s utility, making it a comprehensive destination for personal and professional networking.
Following Musk’s acquisition of Twitter in 2022, Yaccarino took on the role of CEO in 2023.
Since Yaccarino’s appointment, she has been focused on enhancing the company’s rapid innovation and expanding its technological capabilities. She stated that the changes made to the platform have “doubled” the amount of information available to users.
Under Yaccarino’s leadership, X has transitioned from a simple text platform to one that integrates advanced features such as artificial intelligence, audio calls, and video streaming.
In recent months, these changes have improved the platform’s usage time and user engagement metrics, demonstrating a positive growth trend.
Furthermore, the return of major advertisers has been a key factor in X’s recent success. Yaccarino noted that 90% of the top 100 advertisers have returned to the platform, indicating growing confidence in the platform’s new direction.