Elon Musk’s X is intensifying its impulse to convert the social networks platform into a “all” application, Financial Times said Thursday.
The platform, previously known as Twitter, “soon” will allow users to make investments or trades on the platform, said CEO Linda Yaccarino to the newspaper in an interview at the Publicidad Festival of the Cannes Lions.
“Soon you can live all your financial life on the platform,” Yaccarino said in an appearance in the same panel in the same event, listing the payments of equal to equal (P2P), store value, pay the creators or see payment events per vision (PPV) as examples.
X was associated with visa to develop “X Money” earlier this year as a digital wallet and a P2P payment service. This is part of Musk’s ambition to become a super application, similar to the Chinese Wechat, which offers numerous retail and financial services, as well as messages.
Elon Musk has been closely associated with cryptocurrency for several years, due to his fondness for Memecoin Doge and 11,500 BTC ($ 1.2 billion) that has its manufacturer of Tesla electric cars.
As such, cryptographic observers will think that any plan that Musk has to provide financial services involves cryptocurrencies in some way.
X did not immediately respond to the request for comments from Coindesk.
