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Elon Musk's social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year. 
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Scoop.it!
/PRNewswire/ -- Early Warning Services, LLC, the network operator behind Zelle®, today announced record payment volume and value in 2020 with 1.
Vineet Anand's insight:
$307B in payments with 1.2B in transactions - staggering growth of ~60%YOY. 850 banks, 7,000 FI's and new use case for SMB's to spur further growth for EWS!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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X as part of it 2024 strategy plans introduce P2P payments around in Q2/Q3 of this year. X has 14 MT licenses with more in stages of approval.
Part of X strategy (Musk) is to create a WeChat like super app that he calls 'everything app' and to take over entire financial lives without a bank account. As Musk states X will bring “the power of living more of your life in one place".
Super apps have not seen traction outside of Asian markets - do they have a place for developed markets with the growing workforce of Melliniials and Gen-X that will dominate commerce(banking, payments, investments...) and are digital savvy consumers.