Elon Musk’s X is stepping up its push to show the social media platform into an “the whole lot app,” the Monetary Occasions 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 instructed the newspaper in an interview on the Cannes Lions promoting pageant.
“Quickly you are going to have the ability to stay your complete monetary life on the platform,” Yaccarino stated 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 12 months as a digital pockets and P2P-payment service. This varieties a part of Musk’s ambition to show X into a brilliant app, akin to the Chinese language WeChat, which provides quite a few retail and monetary providers in addition to messaging.
Elon Musk has turn into carefully related to cryptocurrency over a lot of years, attributable to 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 kind.
X didn’t instantly reply to CoinDesk’s request for remark.
