The social media platform owned by Elon Musk, X (formerly Twitter), is set to launch investing and trading features, allowing its millions of users to directly access financial markets on what is often dubbed the “everything app.”
As confirmed by CEO Linda Yaccarino in a recent Financial Times report, the move tracks back to Musk’s previously disclosed ambitious push to transform X into a platform that blends social interaction with financial services. This shift could potentially rival platforms like Robinhood and Coinbase, which are dominating the space.
The integration, slated for a “soon” launch, is inspired by China’s WeChat, which seamlessly combines messaging, payments, and commerce. This follows X’s recent partnership with Visa to roll out Venmo-like tools, leveraging Yaccarino’s advertising expertise from her NBCUniversal tenure to attract a broader user base.
Yaccarino outlined plans that could include a credit or debit card and peer-to-peer payment systems, with hints of cryptocurrency support adding intrigue.
While it is not clarified or mentioned in the Financial Times report, crypto enthusiasts are asking if the platform will support cryptocurrencies or not.
For a clearer view, the integration comes at a time when adoption of cryptocurrency is making waves of headlines. Based on the current market sentiment, users strongly believe that assets like Bitcoin and Ethereum might be included.
Moreover, given Musk’s history with Dogecoin and X’s tech-savvy audience, it is most likely that cryptocurrencies will be at the center of these newly unveiled features. Yet, details remain scarce, with users awaiting official word on supported assets and security measures.
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