Elon Musk is pushing X closer to “all apps,” with X CEO Linda Yaccarino announced on Tuesday that the platform will soon support in-app investments and trading.
Yaccarino said users can buy and trade on social media platforms, according to a report Financial Times. She also said the company is exploring X-branded debit cards, but she has not mentioned Musk’s passion, Crypto.
“You could come to X and be able to trade your entire financial life on the platform,” Yaccarino said.
In May, Musk confirmed that X Money was on the horizon in a “very limited access beta.”
The move continues Musk’s ambitions to create apps that combine social interaction with financial services.
X goes beyond trading to roll out its long-awaited peer-to-peer payment system, X Money, revealed by MUSK in January. Musk is a longtime Dogecoin cheerleader, but the Yaccarino announcement did not mention the original Memecoin or other cryptocurrencies.
X Corp did not respond immediately Decrypt’s Request a comment.
Elon Musk first published Dogecoin on Twitter on April 2, 2019, calling it his favorite cryptocurrency and saying it’s “pretty cool.”
Dogecoin may be my favorite cryptocurrency. It’s pretty cool.
– Elon Musk (@elonmusk) April 2, 2019
Since then, Musk has defended cryptocurrency, has changed Twitter bio to “Dogecoin CEO,” calling it “Dogefather” ahead of his famous appearance at Saturday night’s live show.
Musk continues to support Dogecoin. After Musk became a major supporter of Donald Trump in 2024, Musk led the US government efficiency, aka Deuj. Dogecoin prices rose 12% after Musk mentioned the new institution in X.
In 1999, Musk co-founded X.com. This is a payment platform that will evolve into PayPal in 2021. X.com will eventually become the name of Twitter after Musk purchased the social media platform in 2022.
Edited by James Rubin