The Elon Musk social media platform, X, will soon be integrated, which allows users to make payments and investments directly within the application.
In a recent interview with Financial timesLinda Yakarino, CEO of X, said the platform of six million users is eventually estimated at the end. [their] All life is on the platform, “from sending money to investment management.
The company is also considering launching a credit card or a X brand discount, and perhaps later this year.
The invasion of X in financial services is almost surprised, given that Musk has already confirmed the test version test to pay X Money Payment and Banking.
In response to a post on May 25 on social media, musk He said “Extreme care must be taken” in the experimental stage because “people’s savings are involved.”
The official X Money account annoys the launch of 2025.
Yacarrino told the Financial Times that the X Money payment application will be launched for the first time in the United States, describing it as a “full commercial ecosystem and a financial ecosystem”.
Related to: ELON Musk says that Xchat DM from Xchat to get a Bitcoin “encryption”
There is no mention of encryption in X Money yet
Yaccarino nor Musk has not confirmed whether the encryption payments would be part of the X’s financial system, although the well -known Musk support for Dogcoin (DOGE), the famous Memecoin launched in 2013.
In March 2024, Musk said that Doug could be used to buy “at some point”, although he did not make a schedule. Crypto users have taken this sign that the entrepreneur can soon offer the encryption payment support in all his companies.
While X remained silent on the integration of a potential encryption payment, other companies are advancing with digital assets.
As CointeleGRAph mentioned, Visa promotes Stablecoin’s adoption in Africa through its partnership with Yellow Card Financial, a processor that has made more than $ 6 billion in transactions since 2019.
The main American institutions also showed the benefit of entering the encryption space. JPMorgan Chase recently submitted its JPMD code, which supports many encryption services.
On Tuesday, JPMorgan said it will experiment with JPMD transactions on Coinbase.
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