Musk unleashes a nuclear-level move! X transforms into a 'financial giant', the crypto community must keep a close eye on these 4 explosive points
On the morning of June 20, 2025, crypto enthusiasts woke up to Musk dominating the news — he wants to turn X (formerly Twitter) into a 'financial giant' capable of trading cryptocurrencies, making transfers, and using credit cards. This maneuver sent the crypto community into a frenzy: a social platform with 600 million active users suddenly entering the financial arena — is it a disruptor or a troublemaker?
Explosive Point 1: X Money Wallet directly opens the entrance to cryptocurrency trading
Linda Yaccarino, CEO of X under Musk, officially announced this morning: the X Money digital wallet is about to launch, initially collaborating with Visa in the U.S., allowing users to directly purchase goods, save money, and tip influencers on X. Even more aggressive, investment and trading functions are on a countdown, and in the future, users can buy BTC/ETH with just one click while browsing trending topics on X. This is equivalent to placing the trading gateways of Coinbase and Binance right in front of 600 million users, maximizing traffic monetization.
Explosive Point 2: Credit Card + Debit Card combo to capture offline markets
X plans to launch its own brand credit/debit cards within the year, clearly aiming to replicate the all-scenario coverage of WeChat Pay. Imagine this: using an X card to earn points at Starbucks, with points redeemable for a ticket on Musk's Starship — this old horse's ecosystem is smoother than Sun Yuchen's.
But regulatory challenges loom large, with anti-money laundering and financial licensing being significant hurdles for Musk.
Explosive Point 3: AI arsenal provides ammunition for financial operations
Don't forget that behind X stands Musk's own son, xAI. The newly merged Grok AI is crazily learning from the chat data of 600 million users. In the future, if you tweet 'SHIB is about to take off', Grok might instantly suggest leveraged contracts — this precise marketing understands you better than Binance's customer service.
But the risk of privacy breaches also rises exponentially, as even conversation records are fodder for AI.
Explosive Point 4: The bloody game behind advertisers' return
Musk has gone all out for this. Ever since he announced 'looser reviews', 90% of advertisers had collectively fled. Now, by threatening lawsuits, he has managed to bring back 96% of the advertisers, but revenues have still plummeted by 45% compared to before the acquisition (4.1 billion in 2022 vs. 2.3 billion this year).
Financial operations have become a lifeline, as trading fees are far more appealing than advertising costs.
