5 hours ago
Elon Musk's X is stepping up its propulsion to crook the societal media level into an "everything app," the Financial Times reported connected Thursday.
The platform, formerly known arsenic Twitter, volition "soon" let users to marque investments oregon trades connected the platform, CEO Linda Yaccarino told the paper successful an interview astatine the Cannes Lions advertizing festival.
"Soon you're going to beryllium capable to unrecorded your full fiscal beingness connected the platform," Yaccarino said successful a sheet quality astatine the aforesaid event, listing peer-to-peer (P2P) payments, storing value, paying creators oregon watching pay-per-view (PPV) events arsenic examples.
X partnered with Visa to make "X Money" earlier this twelvemonth arsenic a integer wallet and P2P-payment service. This forms portion of Musk's ambition to crook X into a ace app, akin to the Chinese WeChat, which offers galore retail and fiscal services arsenic good arsenic messaging.
Elon Musk has go intimately associated with cryptocurrency implicit a fig of years, owed to his fondness for memecoin DOGE and the 11,500 BTC ($1.2 billion) that his electric-car shaper Tesla holds.
As such, crypto observers volition deliberation it apt that immoderate plans Musk has for X to supply fiscal services volition impact cryptocurrency successful immoderate form.
X did not instantly respond to CoinDesk's petition for comment.
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