With X, Elon Musk may have lost a lot of users, and consequently money. But imagine the turnaround of the situation if this billionaire managed to realize his dream : to makeeverything app a financial platform encompassing various aspects of finance of somebody. Even crypto? Details!
X, the new competition from traditional banks?
Twitter as we have known it since 2006 is no more. Or at least is no longer limited to the simple concept of social network created under the leadership of pro-crypto Jack Dorsey, Evans Williams, Biz Stone and Noah Glass.
In fact, Elon Musk bought this vast empire with the blue bird logo in October 2022. Since then, the Twitter revolution was underway: it should result in Twitter 2.0 and a whole series of modifications. Among them are the rebranding (changing the name of Twitter to X) and the addition of a multitude of features, including payments.
“ When I talk about payments, I’m really talking about someone’s entire financial life. If it involves money, it will be on our platform.
Money, titles, etc. It’s not just about sending $20 to a friend. I mean you won’t need a bank account. »
CryptoPolitan detailed this Elon Musk project as follows:
- transform a complete financial platform including payments, money accounts, debit cards, checks, loans, etc. ;
- and transform the trial by the end of 2024.
“ I’ll be stunned if we haven’t deployed them by the end of next year », Specified the boss of Twitter.
In other words, Musk wants to ensure that Twitter/X becomes an epicenter of Finance within a year. He revealed this intention during a recent meeting with X employees.
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