Detailed information on X platform's payment function released: Beyond the "reward" category, it will be possible to transfer money, shop and earn interest

PANews reported on April 23, according to Cointelegraph, in a post on April 22, Christopher Stanley, Chief Information Security Officer of the payment department at platform X, stated that X users will be able to transfer funds to other users through this platform in the future. They can also purchase goods from stores and even earn interest on their account balance like a bank account.

Stanley said that the payment function of X will go beyond "just tipping" and expand to include an in-app wallet capable of storing funds and transferring them to any X user; In the future, X users will be able to transfer money through this platform to other users, buy goods from shops or even earn interest on their account balances just like bank accounts. The "ultimate goal" of payments for Platform X is creating a fully functional financial ecosystem where users don't need withdrawals for any regular transactions.

Some commentators have pointed out that the upcoming payment feature of X will initially only support fiat currency. However reportedly Musk has instructed developers at X to build its payment system in such a way so as it could add cryptocurrency functionality in future. Despite Musk's past enthusiasm for cryptocurrencies - Tesla still holds 9720 Bitcoins - he stated last December that he had spent "almost no time" thinking about cryptocurrencies since then. He hasn't made any statements confirming whether cryptocurrency would be used for payments at X.