US EditionElon Musk’s X to offer investment and trading in ‘super app’ push
- In April 2022, Elon Musk completed a $44 billion purchase of Twitter and later renamed the platform X as part of his plan to develop it into a multifunctional super app.
- This transformation aims to integrate finance features, including investments and payments, following advertiser disruptions and staff reductions.
- X has partnered with Visa to launch X Money, a digital wallet and P2P-payment service, and plans to offer an X credit or debit card within the app.
- Linda Yaccarino, CEO of X, revealed that the platform will enable users to handle financial tasks such as investing, making payments, and tipping, with a U.S. rollout anticipated in 2025.
- These developments indicate X's strategic shift to a multi-service platform, potentially increasing revenue streams and challenging traditional social and payment services.
20 Articles
20 Articles
Elon Musk’s X Moves Toward Becoming a One-Stop App for Social Media, Payments, and Investing
Elon Musk’s company X, which used to be called Twitter, is changing from just a social media platform into something much bigger. Musk bought Twitter for $44 billion in April 2022 and renamed it X. Now, X plans to let users invest and trade money directly through the app. This means people could soon use […]
Elon Musk's X to Offer Investments, Trading 'Soon:' FT
Elon Musk's X is stepping up its push to turn the social media platform into an "everything app," the Financial Times reported on Thursday.The platform, formerly known as Twitter, will "soon" allow users to make investments or trades on the platform, CEO Linda Yaccarino told the newspaper in an interview at the Cannes Lions advertising festival."Soon you're going to be able to live your whole financial life on the platform," Yaccarino said in a …
Is X's Super App the Key to Mass Trading and the Future of Crypto Access?
X is preparing to roll out a suite of financial services, including investment, trading, payments, and even an X credit or debit card The social media platform has over 600 million monthly users Competition is bound to happen as Sam Altman’s startup World is also developing its own ‘everything app’ It was revealed today that X is preparing to roll out a suite of financial services, including investment, trading, payments, and even an X credit or…
X Corp CEO Linda Yakcarino says that already the closest X users will be able to invest and trade on the platform - Elon Musk plans to make an app for everything
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