X by Elon Musk will allow investment and trading from the platform
Formerly Twitter, it will become a "super app" from which users can manage their financial lives.
A commercial and financial ecosystem that does not exist today will emerge on X," says the executive.
Will they incorporate DOGE or cryptocurrencies? That is the question and expectation of many.
X, the social media platform owned by Elon Musk, will allow its users to make investments and financial transactions directly within the app, as announced by CEO Linda Yaccarino.
The company aims to transform into a “super app” similar to China's WeChat, integrating financial services ranging from everyday payments to investment operations.
You will be able to manage your entire financial life on X,” Yaccarino stated in an interview with the British media Financial Times. The executive highlighted that users will be able to pay for goods, make transfers, or invest, consolidating a previously non-existent commercial and financial ecosystem.
The platform has already announced the arrival of X Money, a wallet and peer-to-peer payment platform, with Visa as the initial partner. The launch is scheduled for late 2025 in the United States, with plans for global expansion, as reported by CriptoNoticias.
Yaccarino also revealed that X is exploring launching its own credit or debit card, possibly this year. These initiatives are part of Musk's vision, who acquired the platform in 2022 for $44 billion, to diversify its functions beyond social media.
The foray into financial services raises expectations about the possible integration of cryptocurrencies, such as dogecoin (DOGE), although the company has not confirmed details. However, this leap into the financial sector will involve facing strict regulations, including licenses and anti-money laundering rules.
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