đ· #XSuperApp : When X Becomes the Super App for Everything â Finance, Social, and Crypto đ±
Elon Musk and CEO Linda Yaccarino are transforming X (formerly Twitter) into a true super app, akin to WeChat in China. Recently, Yaccarino confirmed that X will enable investments, margin trading, and purchases within the app, along with the arrival of X Money â a digital wallet in partnership with Visa, with plans to launch a credit/debit card as early as 2025.
All of this is part of an integrated ecosystem: messaging (XChat) with "Bitcoin-style" encryption, streaming (X TV), AI (Grok), P2P payments, and potentially, soon, integration with cryptocurrencies. Although Yaccarino did not mention crypto directly, analyst Anthony Scaramucci bets that digital assets like DOGE or stablecoins will be part of the equation.
However, X faces significant regulatory challenges in the US and Europe: data laws, financial licenses, and antitrust laws could delay or redirect the strategy.
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đ Impact on the crypto world
Mass access: a super app with a wallet and digital wallet with Visa could allow millions of users to access cryptocurrencies without leaving X.
Boosting DOGE and BTC: Musk's strong relationship with these coins suggests they may be initially integrated â either as a means of payment or assets within the wallet.
Regulation and compliance: the journey involves traditional financial regulation, which could legitimize the use of cryptocurrencies via the app.
