Elon Musk's social platform X plans to implement investment and trading features, aiming to become an all-encompassing 'super app.' Soon, users will be able to make payments, invest, and trade directly within the platform, and possibly access an X credit or debit card by the end of 2025. This move underscores Musk's ambition to create an equivalent to China's WeChat, where social networking, finance, and commerce are integrated.
Will X support cryptocurrencies? Given Musk's interest in Bitcoin and Dogecoin, it's likely, although there are no official confirmations. Personally, I would consider using X for payments and trading if the platform ensures security and low fees. However, I would be cautious due to potential technical failures and the platform's reputational risks.
To compete with existing platforms like PayPal or Robinhood, X must offer competitive rates, cryptocurrency integration, advanced analytical tools, and robust data protection. Regulatory challenges also require a transparent KYC policy and measures against abuse. If X can combine convenience with stability, it could change the market, but success will depend on user trust and regulatory approval.
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