It has been reported that X, led by Elon Musk, is planning to incorporate investment features. This was reported by the Financial Times (FT) on the 19th.
Linda Yaccarino, CEO of X, has revealed plans to launch first in the United States. However, there has been no mention of the assets to be handled, and it is unclear whether cryptocurrencies are included.
X, which was born as a social networking service, is currently undergoing plans to expand into a super app with various features. Mr. Musk has previously revealed plans for X to also provide financial services. Given Mr. Musk’s high interest in cryptocurrencies, including Dogecoin (DOGE), there is growing anticipation for the addition of cryptocurrency-related features.
Mr. Yaccarino explained that all financial transactions can be done on X this time. He mentioned use cases such as payments, investments, and trading.
It seems that overseas cryptocurrency media have requested comments from X, but they have not responded immediately.
To transform into a super app, X has already revealed specific plans for incorporating financial functions. In January of this year, Ms. Yaccarino announced a partnership with the major payment company Visa and made it clear that the provision of “X Money Account” will begin within the year. This new service is expected to implement functions such as funding the X wallet, transferring money to bank accounts, and person-to-person transfers.
In addition, the cryptocurrency already has features such as chip functions and chart display functions.
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Elon Musk's X to incorporate investment features, possibly supporting virtual currency = reports
It has been reported that X, led by Elon Musk, is planning to incorporate investment features. This was reported by the Financial Times (FT) on the 19th.
Linda Yaccarino, CEO of X, has revealed plans to launch first in the United States. However, there has been no mention of the assets to be handled, and it is unclear whether cryptocurrencies are included.
X, which was born as a social networking service, is currently undergoing plans to expand into a super app with various features. Mr. Musk has previously revealed plans for X to also provide financial services. Given Mr. Musk’s high interest in cryptocurrencies, including Dogecoin (DOGE), there is growing anticipation for the addition of cryptocurrency-related features.
Mr. Yaccarino explained that all financial transactions can be done on X this time. He mentioned use cases such as payments, investments, and trading.
It seems that overseas cryptocurrency media have requested comments from X, but they have not responded immediately.
To transform into a super app, X has already revealed specific plans for incorporating financial functions. In January of this year, Ms. Yaccarino announced a partnership with the major payment company Visa and made it clear that the provision of “X Money Account” will begin within the year. This new service is expected to implement functions such as funding the X wallet, transferring money to bank accounts, and person-to-person transfers.
In addition, the cryptocurrency already has features such as chip functions and chart display functions.