The social network X is soon set to introduce a groundbreaking feature allowing users to trade and invest.
This was announced by CEO Linda Yaccarino in a statement to the Financial Times, reported by Interfax-Ukraine.
“You will be able to log into X and manage all your financial activities on this platform. For instance, I can pay you for the pizza we had last night, make an investment, or execute a trade,” she stated.
Additionally, X is considering the launch of credit and debit cards within this year, Yaccarino added.
Previously, the company announced the rollout of the X Money e-wallet, which will also feature a payment service similar to PayPal. Visa will be the first partner for this project this year.
According to Yaccarino, X Money will initially launch in the US before expanding overseas. Through it, users will be able to purchase goods and financially support content creators on X.
It’s worth noting that Elon Musk acquired Twitter in 2022 for $44 billion and later rebranded it to X. In 1999, he co-founded the payment service X.com, which later became part of PayPal. Now, that domain name is used by the former Twitter.
