X platform, formerly known as Twitter, plans to launch new investing and trading features, allowing users direct interaction with financial markets.
Plans for Investment Feature Integration
As confirmed by CEO Linda Yaccarino in a recent Financial Times report, this initiative reflects Musk’s ambition to transform the platform into an ‘everything app’ that combines social interaction with financial services.
WeChat Inspiration and Partnership with Visa
The integration, slated for a ‘soon’ launch, is inspired by China’s WeChat, which effectively combines messaging, payments, and commerce. This follows X’s recent partnership with Visa to roll out Venmo-like tools to attract a broader user base.
Cryptocurrency Support Prospects
While it is not clarified in the Financial Times report whether cryptocurrencies will be supported, enthusiasts are speculating about the potential inclusion of Bitcoin and Ethereum. Given Musk's interest in Dogecoin, many users believe that cryptocurrencies will be central to these new features.
The planned development of X towards investing and trading features opens new horizons for users and could significantly impact the financial services market.
