Elon Musk's platform X is preparing for significant functional expansion, including investing and trading, allowing users to manage their financial affairs directly within the app.
Expansion of X Platform's Functionality
According to recent reports from the Financial Times, the X platform aims to transform into a super app, enabling users to manage a broad range of financial operations. X CEO Linda Yaccarino stated that approximately 600 million users will be able to handle all their financial matters on X.
Launch of X Money and New Financial Services
A central element of the expansion will be the launch of X Money, a digital wallet and peer-to-peer payment system developed in partnership with Visa. The initial rollout is planned in the United States, allowing users to store value, tip content creators, and make purchases within the app.
Future Plans and User Impact
While the platform currently supports Bitcoin tipping, it remains unclear whether cryptocurrencies will be integrated into the new investment and trading features. Nevertheless, plans to integrate financial tools into the X platform promise to change users' approach to social media. The rollout of these new features is expected to begin in 2025.
The development of new financial aspects on the X platform demonstrates Elon Musk's ambitious approach to transforming social media into comprehensive financial ecosystems. This creates new opportunities for users and strengthens X's position as a leader in the super app market.
