Elon Musk has introduced his ambitious plans to transform X, previously known as Twitter, into a Web3 super app that combines messaging, trading, and payments.
Concept of the X Super App
Musk announced that XMoney, the platform’s new feature, is currently in beta and will be available to a broader audience in 2025. This new integration will allow users to conduct transactions and exchanges of cryptocurrency directly within the app.
Partnerships and Opportunities
Visa has signed on as a partner for X’s decentralized exchange (DEX), providing users with access to established payment systems. Users will be able to trade stablecoins, Bitcoin, and Ethereum directly within the app while keeping private keys on their devices and avoiding high fees.
Market Competition in Cryptocurrency
If X successfully integrates DeFi features into social chats, it may lead to users moving away from traditional exchanges like Coinbase and Robinhood. With the growing popularity of decentralized exchanges, X could carve out its niche amid increasing competition.
Elon Musk's plans to create the X super app are actively developing, and the future use of cryptocurrencies may change as social functions and financial tools are integrated into a single application.
