Musk’s X plans payments, investment features rollout for 2025 — Report
Elon Musk’s social media platform, X, will soon integrate various financial services, enabling users to make payments and investments directly within the app.
In a recent interview with the Financial Times, X CEO Linda Yaccarino said the platform’s estimated 600 million users will eventually “be able to transact [their] whole life on the platform,” from sending money to managing investments.
The company is also considering launching an X-branded credit or debit card, potentially later this year.
X’s foray into financial services is hardly surprising, given that Musk has already confirmed beta testing for the X Money payment and banking app.
In response to a May 25 social media post, Musk said “extreme care must be taken” in the pilot phase since “people’s savings are involved.”
The official X Money account teases a 2025 launch. Yacarrino told the Financial Times that the X Money payment app would first launch in the US, calling it a “whole commerce ecosystem and a financial ecosystem.”#SwingTradingStrategy #XSuperApp #PowellRemarks #CryptoStocks #MyTradingStyle