Tsveta, a passionate technology enthusiast and accomplished playwright, combines her love for mobile technologies and writing to explore and reveal the transformative power of tech.
, changes keep rolling in like autumn leaves in a breeze. And it seems the transformation won't be slowing down anytime soon. Musk is on a mission to reshape the former Twitter into X, an everything app.
Apparently, Musk envisions X as the epicenter of your financial world, handling all things money-related in your life. He shared his expectations with X employees in a recent all-hands call, hinting that the new features would surprise people with their power.When I say payments, I actually mean someone’s entire financial life. If it involves money, it’ll be on our platform—money, securities, or whatever. So, it’s not just like sending $20 to my friend.
X CEO Linda Yaccarino expressed the company's optimism, foreseeing this as a complete opportunity by 2024. Musk added,"To make this financial evolution happen, the company is actively securing money transmission licenses across the US, with progress already made in some states. Musk has previously outlined his vision of turning X into a financial hub, even renaming Twitter after his dot-com-boom-era online bank, X.com, which later became part of PayPal.
The platform is expected to offer a range of financial services, including high-yield money market accounts, debit cards, checks, and loan services. Musk's ultimate goal is to enable users to"This transformation aligns with Musk's broader ambition of making X an"everything app," comparable to super apps like WeChat in China, which provide access to shopping, transportation, and more.
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