X by Elon Musk to Introduce Payment and Investment Features by 2025
Elon Musk‘s social media platform, X, is poised to transform digital finance by integrating comprehensive financial services directly into its app by 2025. This strategic move aims to create a seamless financial ecosystem where users can handle payments and explore investment opportunities without leaving the platform.
X’s Vision for a Financial Ecosystem
In an exclusive interview with the Financial Times, X CEO Linda Yaccarino outlined the platform’s ambitious roadmap. The initiative includes enabling users to manage their entire financial lifecycle on X, from peer-to-peer payments to potential investment activities. Additionally, X is exploring the introduction of a proprietary credit or debit card, with a possible launch later this year.
Crypto Payments: A Future Possibility?
While Elon Musk has publicly endorsed Dogecoin, X has yet to confirm any plans for cryptocurrency integration within its financial services. Speculation continues among crypto enthusiasts, especially after Musk’s previous comments about using Dogecoin for Tesla purchases. However, no definitive timeline or details have been provided regarding crypto functionality on X.
Industry Leaders Embrace Crypto Payments
As X deliberates on crypto integration, other major players are advancing in this space. Visa has partnered with Yellow Card Financial to promote stablecoin adoption across Africa. Meanwhile, JPMorgan Chase is testing its JPMD deposit token on Coinbase’s Base network, highlighting the growing institutional interest in cryptocurrency payment solutions.
