The X platform owned by Elon Musk is preparing to introduce new financial services that will enable users to make payments and manage investments directly within the app.
New Financial Services on the X App
In a recent interview with the Financial Times, X CEO Linda Yaccarino shared plans to expand the platform’s features aimed at its 600 million users, who will be able to 'transact their whole life on the platform' including sending money and managing investments.
Plans for X Money Launch
The company is considering launching an X-branded credit or debit card soon. Yaccarino confirmed that the X Money app is expected to first launch in the U.S., calling it a 'whole commerce ecosystem and a financial ecosystem.'
Prospects for Cryptocurrency Payments
Despite Musk's well-known support for Dogecoin, neither he nor Yaccarino has confirmed the possibility of cryptocurrency payment integration in X's financial ecosystem. Meanwhile, other companies are actively moving forward with digital asset payment solutions.
With the introduction of new financial services, the X platform may significantly reshape the digital payment landscape, though the prospects for cryptocurrency integration remain unclear.
