X, a burgeoning platform, is on the verge of expanding its payment capabilities, enabling users to not only send funds to fellow users but also to make in-store purchases, and potentially earn interest on their balances, much like a traditional bank account.

As detailed by the company's head of payments, these advancements aim to transform X into a comprehensive financial tool.

Christopher Stanley, X's chief information security officer, revealed in an April 22nd tweet that the payment functionalities would include an in-app wallet for storing and transacting money with any X user.

He compared the initial phase of the app's payment features to Venmo, with aspirations of evolving to accommodate interest accumulation on balances and broader purchase capabilities, akin to Apple Pay.

These developments indicate X's ambition to integrate more deeply into the financial lives of its users, marking a significant step beyond its existing tipping feature.