Elon Musk Proposes X Money Feature To Send $1 By Long-Pressing Like Button; India Launch Date Yet To Be Announced

Elon Musk unveiled a proposed X Money feature that would enable users to send a dollar to another user by long-pressing the Like button on X, the platform formerly known as Twitter. This initiative aligns with Musk's ambition to turn X into a comprehensive platform encompassing social networking and financial services. Musk announced the feature on X, describing it as a simple method for users to transfer small amounts of money to one another within the app.

The new payment mechanism aims to facilitate easier tipping of content creators and rewarding of appreciated posts without leaving the platform. Musk's vision of an "everything app" integrates social networking, messaging, payments, and various digital services under a single ecosystem. However, the rollout timeline and eligibility criteria for the proposed feature have not been disclosed by the company.

X Money, the existing payment system, is currently operational in the United States, providing services including peer-to-peer transfers and an X Visa debit card compatible with Apple Pay for contactless payments. While X Money has primarily focused on the US market, no specific launch date for the feature or X Money in other countries, including India, has been announced.