The social media platform of Elon Musk, X, will soon integrate various financial services, so that users will be able to pay and invest directly within the app.
In a recent interview with financial TimesX CEO Linda Yarcarino stated that the estimated 600 million users of the forum said “will eventually be able to transact the entire life on the stage”, from sending money to the management of investment.
The company is also considering launching an ex-branded credit or debit card, possibly later this year.
The Forest of X in financial services is hardly surprising, given that Musk has already confirmed Beta test for ex -money Payment and Banking App.
In response to social media posts of May 25, musk Said The pilot phase should “take extreme care” because “people include saving.”
The official X Money account teases the launch of 2025 launch.
Yarcarino told the Financial Times that the X Money Payment App would first be launched in the US, called “the entire commerce ecosystem and a financial ecosystem”.
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There is no mention of Crypto in X Money
Neither YACCARINO nor Musk confirmed whether the crypto payment will be part of X’s financial ecosystem, despite the famous support for Musk’s dogcoin ((Dog), Popular dog-themed Memcoin was launched in 2013.
In March 2024, Musk said “At some point” can be used to buy teslas, although he did not give any time line. Crypto users took it as a sign that the entrepreneur may soon roll out the Crypto payment support in all his companies.
While X potential crypto payment remains silent on integration, other companies are moving forward with digital asset payment solutions.
As Reported by cointelegraphVisa is promoting stabelcoin adoption in Africa, a payment processor through its partnership with Yellow Card Financial, which has provided more than $ 6 billion in transactions since 2019.
Major American institutions have also shown interest in entering the Crypto payment location. JP Morgan Chase recently filed a trademark application For your JPMD deposit tokens, which support various crypto-related services.
On Tuesday, JP Morgan said it will happen Pilot JPMD Transaction On the base network of the coinbase.
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