Is X's Peer-to-Peer Payment Service Launching Soon? Spotlight on the New '@Xpayments' Account

As the tech world eagerly anticipates X's potential launch of a peer-to-peer payment service, the new '@Xpayments' account on X's platform stirs excitement.

Dive into the details of X Payments and the possible integration of cryptocurrencies like Bitcoin and Dogecoin in their services.

Rising Attention on the '@Xpayments' Account

The company X, led by Elon Musk (known for Twitter), revealed in an article published on the 9th of this month that they are preparing to offer a Peer-to-Peer (P2P) payment service.

This announcement has now drawn more attention with the appearance of a new account named 'Payments (@Xpayments)' on the X platform.

The Payments (@Xpayments) account was created in January 2024. As of the time of writing this article, the account hasn't made any posts, but it does feature the 'X' logo as its profile image.

Details about this account are still unclear, including whether it is the official account for 'X Payments'.

However, the account has already been followed by multiple well-known accounts, and on X's platform, there are numerous posts expressing anticipation for the launch of 'X Payments'.

About 'X Payments,' the Payment-Related Subsidiary of X

'X Payments' is a subsidiary of X, established to handle payment-related services. It has acquired money transfer licenses in over ten U.S. states and has introduced features allowing access to financial assets like cryptocurrencies and stocks through a partnership with eToro.

The details of X's peer-to-peer payment service haven't been disclosed yet. However, Elon Musk has been a supporter of cryptocurrencies.

On the 11th of this month, he expressed openness to the idea of using Bitcoin (BTC) on X, suggesting the potential use of BTC in the peer-to-peer payment service.

Moreover, Musk is a strong supporter of Dogecoin (DOGE). DOGE payments have been adopted by other companies he leads, such as Tesla and SpaceX. Consequently, there's significant community anticipation around the potential use of DOGE in X's services.