Elon Musk’s X (formerly Twitter) to Revolutionize Digital Payments and Banking: The Future of Finance and More!

2023-10-30 15:07:37

The Verge recently obtained an audio recording of a meeting where Elon Musk, the owner of X (formerly Twitter), said that by the end of 2024, the platform will introduce financial functions. Musk expects X to be like the super app WeChat in China, which has successfully integrated payments into the platform, revolutionizing the way people interact. Thanks to this, the WeChat application provides the opportunity to send messages and pay, among other things, on a single interface. The father of Tesla has similar aspirations, according to his vision X would manage the entire financial life of users. In fact, he’s so sure regarding the platform’s ambitions that he’d bet on the company to roll out the feature by the end of next year. The billionaire bought Twitter a year ago for $44 billion and renamed it X earlier this year. And now he is in the midst of getting the platform licensed in the United States to offer banking and money transfer services. It’s already licensed in nine states, according to Insider’s Kali Hays. By the way, Musk already outlined his ambitions for the super app last June. He also previously indicated that he would turn X into a financial application and also provide loans to his customers. But now he added that X will also be a “full-fledged dating site” next year. X has not yet responded to Insider’s inquiries. Our related articles:

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