#XSuperApp Elon Musk's X, formerly Twitter, is evolving into a super app with various features. Here's what's happening¹ ²:
- *Partnership with Visa*: X has partnered with Visa to build X Money, a digital wallet service enabling transactions between users. This platform will allow users to fund and withdraw from their wallets via Visa's multicurrency real-time payment solution, Visa Direct.
- *Investment and Trading Features*: X is introducing investment and trading functionalities, potentially competing with platforms like Robinhood. Users will be able to make trades and investments directly on the platform.
- *Digital Wallet and Payment Service*: X Money will enable users to link debit cards to their digital wallets, with an initial rollout focused on safeguarding personal savings.
- *Credit or Debit Card*: X is exploring the launch of an X-branded credit or debit card, which could arrive later this year.
- *Super App Vision*: Musk's goal is to transform X into a comprehensive "everything app" like WeChat, offering a range of financial tools and services within a single platform.
Some potential use cases for X's super app include:
- *Peer-to-Peer Payments*: Users can send and receive payments, similar to PayPal or Venmo.
- *Content Monetization*: Creators can receive tips, subscriptions, or direct payments for exclusive content.
- *E-commerce*: X could cultivate e-commerce experiences, enabling seamless on-platform purchases.
- *Financial Services*: The platform may offer lending, investments, and crypto transactions in the future.