X, Once Twitter, Eyes Super App Status with In-App Trading and Investment

Hang onto your hats, folks! X, the platform that used to be Twitter, is cranking up the heat with plans to roll out in-app investment and trading features. Yeah, you heard that right!

According to the Financial Times, this social media giant, which has been buzzing like crazy since Elon Musk snagged it in October 2022, is all about becoming the next big all-in-one financial app. They’re not messing around!

Remember, Musk’s Tesla was one of the first big dogs to jump into the Bitcoin (BTC) pool, and his posts about crypto have been shouting out some of the market's top memecoins. This guy knows his way around the digital money scene.

Musk’s Vision for X

X isn’t just another social media platform anymore; it’s a powerhouse for engagement and breaking news, with Musk leading the charge. And guess what? Users are begging for more than just tweets—they want everyday solutions and services rolled into one spot.

Linda Yaccarino, who took the CEO throne from Musk in June 2023, is spilling the beans on what’s coming next.

In a chat with the Financial Times, she laid it out: the aim is to bring every financial service imaginable right to the public’s fingertips through a single app. We’re not just talking about ordering a pizza here; it’s about making investments and trading assets like a boss!

“A whole commerce ecosystem and a financial ecosystem is going to pop up on the platform that doesn’t even exist today,” Yaccarino dropped. Get ready for a game-changer!

Partnerships and Integrations

X just dropped a bombshell—they’re teaming up with Polymarket, choosing this blockchain-based platform as their official prediction market partner. Boom!

This follows Musk's tease about launching a peer-to-peer digital wallet service, dubbed X Money. And get this—it’s rumored to be a collab with none other than payments giant Visa.

Yaccarino also confirmed that the new trading and investment features will first hit the scene for users in the United States. But hold tight, because a global rollout is in the works, aiming to hook up users everywhere with services like buying merch and tipping. It’s going to be epic!