- The feature is being tested internally on iOS and web

X Payments still faces several hurdles before it can fully implement its P2P payment feature:

* The company needs to obtain money transmitter licenses in the remaining U.S. states and territories.

* After securing "transmitter" licensing, X will also need to obtain "payment processor" approval in each state to facilitate direct in-stream shopping3

* Global expansion will require navigating complex regulatory environments in other countries.

Potential for Fiat and Cryptocurrency Support

There are expectations that the payment system might support both fiat currency and cryptocurrencies.

Integration with Existing Platform

The P2P payment feature will be integrated directly into the X app, allowing users to conduct financial transactions within the same interface they use for social media. This integration aims to showcase the power of living more of your life in one place.

Part of a Plan for An Everything Appp like WeChat

The P2P payment feature is part of Musk's broader vision to transform X into an "everything app" that combines social media, payments, and various other services. This approach is inspired by apps like WeChat in China, which integrates messaging and financial service.