Elon Musk has announced the launch of in-app trading features on X, with new financial services expected to debut in mid-2024.
Goals and Plans for X
The plan to include trading in X highlights the platform's ambition to become a multifunctional service. Elon Musk stated, "I would be surprised if it takes longer than the middle of 2024 to roll out payments...".
Launch of X Money and Its Features
The launch of X Money is expected to occur in mid-2024 and will allow trading in stocks and cryptocurrencies like BTC, ETH, and DOGE. This may draw significant volume into the market and affect user engagement.
Market and Regulatory Issues
The introduction of trading features could lead to changes in market dynamics and competitive conditions. Regulatory scrutiny of X's trading rollout remains an important consideration as the platform navigates complex financial and legal landscapes.
Overall, the launch of trading features within Elon Musk's app X could significantly impact the fintech market, attracting new attention and potential investments.
