Elon Musk, a constant figure in the spotlight, is making a bold move in the finance world. His platform X, formerly known as Twitter, is transforming into a powerhouse of decentralized finance.
X to Launch Its Own Decentralized Exchange
According to information posted on X by crypto researcher Atlas, the platform is quietly developing into a full-fledged financial ecosystem. X's CEO, Linda Yaccarino, confirmed that in-app investing, tipping, and payments are already on the way. These features will be part of X Money, a new digital finance platform currently in limited beta testing, with a broader rollout expected in 2025. A major highlight is that Visa is now an official partner of X's upcoming DEX.
Musk’s Super App Vision
Musk aims to replicate WeChat's super app model in the West. WeChat dominates in China by combining messaging, payments, e-commerce, and government services into one platform. By integrating a decentralized exchange, Musk provides users with full control over their funds, censorship resistance, lower transaction fees, and enhanced financial privacy. Other tech giants, such as Meta, TikTok, and Telegram, are also exploring similar integrations.
Potential Impacts on Financial App Market
Atlas warns that this launch could shake up the entire fintech and crypto exchange landscape. By fostering in-app trading of stablecoins and tokens like BTC and ETH, X could reduce the need for separate apps like Coinbase, Robinhood, and Revolut. Centralized exchanges still process most trading volume, but decentralized exchanges are rapidly gaining traction. Top DEXs by volume today include PancakeSwap, Uniswap, and Curve Finance.
Musk may trigger the next wave of crypto adoption through viral tweets and cultural trends rather than technical documents, potentially reshaping the financial landscape.
