X is about to launch its own Decentralized Exchange (DEX)
According to the latest information on social platform X, this platform is transforming into a comprehensive financial ecosystem. CEO Linda Yaccarino confirmed that features like in-app investing, rewards, and payments are in the development plan. The project named X Money is in limited testing and is expected to launch widely in 2025.
Highlight? Visa has officially become a strategic partner for X's upcoming DEX. This is a significant advancement in the field of cryptocurrency and digital finance.
Why Musk's super app vision could change the entire industry
Aiming for a super app model like China's WeChat, Musk is looking to integrate a variety of services such as messaging, payments, e-commerce, and even government services into a single platform in the West.
The integration of decentralized exchanges brings:
Complete management of users' funds
Anti-censorship
Reduce transaction fees
Protect financial privacy
Other tech giants like Meta, TikTok, and Telegram are also venturing into financial services, but X, with its large scale and Musk's cryptocurrency-friendly attitude, could create a significant competitive advantage.
Can X change the market for Coinbase, Robinhood, and Revolut?
Information from experts indicates that X's integration of stablecoin, Bitcoin (BTC), Ethereum (ETH), and tokenized Tokens trading capabilities could render platforms like Coinbase, Robinhood, and Revolut outdated. This opens up the possibility of a complete replacement of centralized trading applications.
Although centralized exchanges like Binance, Bybit, and Upbit still dominate the market, DEXs like PancakeSwap, Uniswap, Raydium, and Curve Finance are increasingly gaining volume and influence.
The future of the financial industry will be cultural, not just technical
Experts emphasize that a large number of users are not able to access crypto through whitepapers or technical jargon. Instead, success will come from entertainment, viral effects, and seamless integration of financial services.
With X becoming a cultural hub, Musk could be the catalyst for a wave that promotes the use of cryptocurrency through more viral campaigns rather than lengthy research. This is the key to driving widespread acceptance of cryptocurrency in the future.
Source: https://tintucbitcoin.com/elon-musk-phat-trien-dex-tren-twitter/
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