American businessman Elon Musk is getting ready to launch an early test of the X Money digital payment system on his social media platform, X, next month. This move is part of Musk's big plan to turn the platform into a comprehensive 'super app' that offers many services beyond just traditional social media. These services include messaging, sharing photos and videos, and live streaming. The service is expected to start with a small group of users as an initial trial. This trial aims to test and improve the system before it's rolled out to X's huge global user base. The new system wants to make it easier to send money and make payments directly within the app. This will open up new ways for the platform to earn money and boost its role in the growing digital economy. To make sure the new service has a strong foundation, X has teamed up with global payments company Visa. This partnership will help develop direct payment services and make financial transactions smoother for users right inside the app, which will build trust and security in digital dealings. This step is part of a wider strategy Musk has been leading since he bought the platform in 2022 for about $44 billion. He's working to reshape X into an all-in-one platform that brings together social media and financial services. This will make X a key competitor in the 'super app' sector, offering content, entertainment, and financial services all at once.
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