Elon Musk Plans To Turn X Into A One-Stop Platform For All Financial Needs By 2024

Elon Musk desires for X to be the hub of your whole financial universe.
By the end of the next year, he anticipates the finance-related elements to become live.

This plan fits with Musk’s intention to make X a “everything app.”

Elon Musk envisions X, formerly known as Twitter, serving as the hub of your financial universe, handling every facet of your financial existence. By the end of next year, he hopes to have such features available. This plan fits with Musk’s objective of making X a “everything app.”

Elon Musk envisions X, formerly known as Twitter, serving as the hub of your financial universe, handling every facet of your financial existence. By the end of next year, he hopes to have such features available. This plan fits with Musk’s objective of making X a “everything app.”

According to The Verge, Musk said that people will be shocked by “just how powerful it is” during an all-hands call with X staff.

Musk said to staff members, “When I say payments, I actually mean someone’s entire financial life.” “If it involves money,” he added. It will exist on our network. funds, securities, or anything else. It’s not as simple as sending $20 to a pal. I mean, you won’t even require a bank account.

However, according to X CEO Linda Yaccarino, the business sees this developing into a “full opportunity” by 2024. Musk said, “If we don’t have that rolled out by the end of next year, it would blow my mind.”

Musk has already discussed his plan to turn X into a financial hub. According to the source, he even renamed Twitter after his dot-com boom-era online bank, X.com, which subsequently merged with PayPal.

At one point, he said that this network will include loans, debit cards, checks, and high-yield money market accounts. Making it possible for individuals to transmit money instantly and anywhere in the world was the goal.

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