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X's Ambitious Plans for Venmo-like Payments Feature
The chapter delves into X's efforts to roll out a Venmo-like payments feature by obtaining licenses in various states, with insights into their business plans, financial statements, and Elon Musk's vision for the 'everything app.' It explores Musk's history with online financial services, his interest in WeChat's model, and challenges in user adoption. Additionally, the chapter addresses the company's financial performance and the proposed incentive program to attract users to the new payment platform.