TikTok tests peer-to-peer payments through direct messages

TikTok is testing a feature that would let users send money to each other through direct messages, Bloomberg reported. If launched, the feature is expected to process transactions through TikTok Pay, which is already available in Southeast Asia. Bloomberg said traces of the planned addition were found in hidden code in the latest U.S. iPhone version of the TikTok app. The report did not mention cryptocurrency. Earlier in July, X launched its financial app XMoney.