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Operating “directly from the timeline” means that the user You can buy and sell assets without leaving the mainstream of your posts.That is, from the same screen where you read and comment on messages.
Currently, the so-called «Cash tag» The novelty is that in addition to displaying market data, You will now be able to perform operations from the same interface.
Beer did not specify whether the transactions would be settled within Company X’s own infrastructure or through a contract with a third party. He also did not explain whether storage of cryptocurrencies will be done internally or delegated to an external platform. Another thing that isn’t clear is whether the service will be available worldwide or whether it will launch in the US or other regions.
Mr. Beer’s announcement was made within the framework of criticism of certain crypto asset projects within the social network. “I really want cryptocurrencies to become popular with X.”“But an application that creates an incentive to send spam, orchestrate coordinated attacks, or harass random users is not one of those things,” he said.
The executive said this type of dynamic “seriously degrades the experience of millions of people and enriches a few.”
Integrating trading into the X conversation can accelerate adoption and reaction to market events, but intensify speculative power relations Driven by viral trends.
X Money background
Mr. Beer’s statement is consistent with the following: Development of X Moneyis a payment system built by the company to include financial services ranging from everyday payments to investment operations.
At an xAI internal presentation on February 11, Elon Musk revealed that X Money is already in place. Under closed test They are working with employees and expect a limited release to users in the next month or two before global rollout.
According to Musk, the goal is for X Money to The center of all financial transactions within the platform. According to a report by CriptoNoticias, the company received money transfer licenses in more than 40 US states last year and has partnered with companies in the payments space, including Visa.
Mr Beer did not specify whether the smart cash tag would be linked to X Money or operated under a separate scheme.