Will X become a fintech giant?
Elon Musk's platform is preparing to become not just a social network, but a financial ecosystem. By 2025, over 600 million users will be able to not only communicate but also transfer money, manage investments, and even pay with the X branded card.
💬 Linda Yaccarino, CEO of X:
> "Users will be able to conduct all life transactions in the app".
🔧 Musk has already launched beta X Money. He warns:
> "It is important to be extremely careful — it's about people's savings".
📲 Launch — starting with the USA.
💳 The X card may appear as early as this year.
Meanwhile, crypto is still in the shadows. Despite Musk's fondness for Dogecoin, neither he nor Yaccarino are talking about crypto payments. Although Musk hinted that DOGE could be used for Tesla.
In the meantime: — Visa is testing stablecoins in Africa
— JPMorgan is launching the crypto token JPMD on the Base network
🔔 X is betting on finance. The question is — will there be a place for crypto there?