Elon Musk’s social media platform X will soon integrate various financial services, enabling users to make payments and investments directly in the app.
In a recent interview Financial TimesX CEO Linda Yaccarino said the platform estimated that 600 million users will eventually “be able to trade (of their) lifetimes on the platform, from remittance to managing investments.
The company is also considering launching a credit or debit card for Brand X later this year.
Given Musk has confirmed that X’s entry into financial services is not surprising Beta Test X Money Payment and banking applications.
In response to a May 25 social media post, Musk explain Since “people’s savings involve,” it is necessary to “extreme attention” during the pilot phase.
The official X currency account teased the release of 2025.
Yacarrino told the Financial Times that the X currency payment app will be launched in the United States for the first time, calling it “the entire business ecosystem and financial ecosystem.”
Related: Elon Musk says X’s DM feature Xchat has “bitcoin-style encryption”
X Money has not mentioned cryptocurrency
Despite Musk’s famous support for Dogecoin, neither Yaccarino nor Musk confirmed whether crypto payments would become part of the X financial ecosystem (Doge), a dog-themed commemorative factor was launched in 2013.
March 2024, Musk said Although he has no timetable, it can be used to buy Tesla “at some point.” Crypto users see it as an entrepreneur who will soon be able to launch crypto payment support in all of his companies.
While X has been silent on potential crypto payment integrations, other companies are pushing forward digital asset payment solutions.
As Reported by CointelegraphVisa has promoted Stablecoin adoption in Africa through a partnership with Yellow Card Financial, a payment processor that has facilitated over $6 billion in transactions since 2019.
Major U.S. agencies also expressed interest in entering the crypto payment field. JPMorgan Chase recently filed a trademark application JPMD deposit tokens to support various encryption-related services.
On Tuesday, JPMorgan said it would Pilot JPMD Transaction On the basic network of Coinbase.
https://www.youtube.com/watch?v=ziirhv3cbog
Magazine: Elon Musk Dogecoin Pump is coming soon? SOL hits $300 in 2025: Trade Secrets
