X, Elon Musk’s social media platform, allows users to invest directly and financially in their applications, as announced by Executive Director Linda Yaccarino.
The company is trying to transform into a “super app” in China’s Wechat style and integrate financial services Coverage from daily payments to investment work.
“You can manage your entire financial life at X,” Yaccarino said in an interview with the UK’s Media Financial Times. The executive emphasized that users can pay, send or invest in products. So far, it has integrated non-financial commerce and financial ecosystems.
The platform has already announced the arrival of X Money, a wallet and peer payment platform, with Visa as its first partner. As reported by Cryptoics, the launch is scheduled for the US at the end of 2025 with global expansion plans.
Yaccarino also revealed that X Explore will likely launch a credit or debit card this year. These initiatives are part of Mask’s vision; Who acquired the platform for $440 million in 2022diversify functions beyond social networks.
Intrusions into financial services create expectations regarding the possibility of cryptocurrency integration, such as Dogecoin (Doge). The company has not checked the details. However, this leap into the financial sector means that it faces strict regulations, including licensing and regulations against money laundering.