Source: CritpoTendencia
Original Title: X prepares X Money: the payment superapp taking shape with support from Solana Labs
Original Link:
The social network X is moving steadily toward a comprehensive transformation. Recently, it was reported that X is seeking technical talent in payments and has added a former Solana Labs executive to the team, reigniting interest in the direction of its new payment platform, known as X Money.
This initiative aims to become a digital payment system, possibly with crypto support, integrating a digital wallet, instant transfers, and unified financial services.
X Money: X’s bid to enter digital finance
According to available details, X Money will work alongside Visa as a strategic partner. This would allow users to fund their digital account, link a debit card, and make transfers between individuals or to bank accounts in real time.
This structure transforms X from a social network into a multifunctional platform—a superapp—that combines social networking, finance, and digital payments.
The hiring of the former Solana Labs executive as tech lead strengthens speculation that X Money will not be a traditional system, but may incorporate crypto assets—or at least leverage blockchain technology—in its architecture. If realized, this integration would position X as a bridge between traditional finance and new digital technologies.
What this means for everyday users
For those who use social networks and seek convenience in payments or transfers, X Money could simplify numerous tasks. It would no longer be necessary to leave an app to make a transfer, pay for services, or send money: everything could be managed from X. Additionally, the partnership with Visa suggests a regulated and familiar approach, reducing the need for technical knowledge about cryptocurrencies.
If X decides to incorporate digital assets into its wallet, it could open a gateway to the crypto world for everyday users, without the usual complexity of exchanges or specialized wallets. This—if realized—would facilitate mass adoption and broaden the reach of digital finance.
A possible prelude to a structural shift in online payments
X’s strategy aligns with a global trend: platforms that combine social networking, commerce, and finance in a single interface. With X Money, the company seeks to replicate successful models of some Asian superapps, adapted to the Western context.
The involvement of Solana Labs—a benchmark in blockchain technology—could also indicate that the evolution of digital finance will go through a hybrid integration: regulated system + crypto innovation. An approach that, if consolidated, could set a new standard in digital payment infrastructure.
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X prepares X Money: the super payment app taking shape with support from Solana Labs
Source: CritpoTendencia Original Title: X prepares X Money: the payment superapp taking shape with support from Solana Labs Original Link: The social network X is moving steadily toward a comprehensive transformation. Recently, it was reported that X is seeking technical talent in payments and has added a former Solana Labs executive to the team, reigniting interest in the direction of its new payment platform, known as X Money.
This initiative aims to become a digital payment system, possibly with crypto support, integrating a digital wallet, instant transfers, and unified financial services.
X Money: X’s bid to enter digital finance
According to available details, X Money will work alongside Visa as a strategic partner. This would allow users to fund their digital account, link a debit card, and make transfers between individuals or to bank accounts in real time.
This structure transforms X from a social network into a multifunctional platform—a superapp—that combines social networking, finance, and digital payments.
The hiring of the former Solana Labs executive as tech lead strengthens speculation that X Money will not be a traditional system, but may incorporate crypto assets—or at least leverage blockchain technology—in its architecture. If realized, this integration would position X as a bridge between traditional finance and new digital technologies.
What this means for everyday users
For those who use social networks and seek convenience in payments or transfers, X Money could simplify numerous tasks. It would no longer be necessary to leave an app to make a transfer, pay for services, or send money: everything could be managed from X. Additionally, the partnership with Visa suggests a regulated and familiar approach, reducing the need for technical knowledge about cryptocurrencies.
If X decides to incorporate digital assets into its wallet, it could open a gateway to the crypto world for everyday users, without the usual complexity of exchanges or specialized wallets. This—if realized—would facilitate mass adoption and broaden the reach of digital finance.
A possible prelude to a structural shift in online payments
X’s strategy aligns with a global trend: platforms that combine social networking, commerce, and finance in a single interface. With X Money, the company seeks to replicate successful models of some Asian superapps, adapted to the Western context.
The involvement of Solana Labs—a benchmark in blockchain technology—could also indicate that the evolution of digital finance will go through a hybrid integration: regulated system + crypto innovation. An approach that, if consolidated, could set a new standard in digital payment infrastructure.