X, formerly known as Twitter, is preparing to launch financial services named X Money, expected in mid-2025. The platform aims to integrate payment and investment features.
Concept of X Money
X Money is being developed to integrate comprehensive financial functions into a social platform. This is expected to influence market dynamics and lead to changes in the financial ecosystems of social media.
Musk's Role in the Project
Elon Musk is actively involved in decision-making regarding X Money. Linda Yaccarino, appointed as CEO of X in May 2023, supports the company's strategic direction.
Impact on Financial Market
Financial markets are keenly observing the launch of X Money, with expectations of potential integration of cryptocurrencies like Bitcoin. Market reactions will depend on the scope and execution of Musk's digital financial ambitions.
The transformation of X into a financial app led by Musk generates significant interest in the industry, opening new horizons for the combination of social media and financial services.
