Elon Musk’s X is stepping up its push to show the social media platform into an “all the things app,” the Monetary Instances reported on Thursday.
The platform, previously generally known as Twitter, will “quickly” enable customers to make investments or trades on the platform, CEO Linda Yaccarino informed the newspaper in an interview on the Cannes Lions promoting pageant.
“Quickly you are going to have the ability to dwell your complete monetary life on the platform,” Yaccarino mentioned in a panel look on the identical occasion, itemizing peer-to-peer (P2P) funds, storing worth, paying creators or watching pay-per-view (PPV) occasions as examples.
X partnered with Visa to develop “X Cash” earlier this yr as a digital pockets and P2P-payment service. This kinds a part of Musk’s ambition to show X into a brilliant app, akin to the Chinese language WeChat, which affords quite a few retail and monetary providers in addition to messaging.
Elon Musk has grow to be carefully related to cryptocurrency over a variety of years, as a consequence of his fondness for memecoin DOGE and the 11,500 BTC ($1.2 billion) that his electric-car producer Tesla holds.
As such, crypto observers will suppose it possible that any plans Musk has for X to supply monetary providers will contain cryptocurrency in some type.
X didn’t instantly reply to CoinDesk’s request for remark.
