#XSuperApp Elon Musk's X, formerly Twitter, is evolving into a super app, offering various services beyond social networking. Here's what's happening ¹ ²:
- *Partnership with Visa*: X has partnered with Visa to build its payment solution, X Money, enabling users to fund and withdraw from their wallets via Visa Direct.
- *Digital Wallet and Payment Service*: X Money will allow peer-to-peer payments, potentially rivaling PayPal and Venmo. Users can link debit cards to their digital wallets, with a controlled rollout focused on safeguarding personal savings.
- *Investment and Trading Features*: X plans to introduce investment and trading services, positioning itself as a competitor to existing trading apps. This could include access to markets like stocks and digital assets.
- *Expansion Plans*: X aims to become a comprehensive financial and social ecosystem, allowing users to store value, purchase merchandise, and tip creators directly on the platform.
- *Future Developments*: The company is exploring the launch of an X-branded credit or debit card, further expanding its financial services.
Musk's vision for X is to create an "everything app" similar to WeChat, where users can access various services, including ³:
- *Messaging and Social Networking*: X will continue to serve as a social media platform.
- *Financial Services*: X Money and investment/trading features will provide users with financial tools.
- *E-commerce*: X may integrate shopping features, enabling users to purchase merchandise directly on the platform.
While X faces challenges, such as regulatory hurdles and competition from established tech giants, Musk's ambition is to build the most valuable financial platform in the world ⁴.