#XSuperApp
Earlier today, Fortune claimed that this change could happen soon, thanks to a new push in momentum:
“You will be able to come to X and transact all your financial life on the platform. And that is whether I can pay you for the pizza we shared last night or make an investment or a trade. A whole ecosystem of commerce and a financial ecosystem will emerge on the platform that does not exist today,” stated CEO Linda Yaccarino.
She continued to describe some specific components of this long-term vision. Musk looked to WeChat, a popular Chinese messaging app, as a model for the transformation of X. The app would become a combined vehicle for messaging, payments, and shopping.
Plans to integrate with Visa to open wallet services are underway. However, these plans do not mention a role for crypto in the new model of X. To be clear, its owner, Elon Musk, is a big advocate for crypto, and his other companies have significant Bitcoin reserves.
From this perspective, it seems obvious to incorporate crypto trading directly into X. After all, both the leadership and the user base have a strong inclination towards the industry. Unfortunately, it may not be that simple. On one hand, these services would require true cooperation from regulators.