During an internal meeting, Musk outlined his vision to expand X’s role in users’ lives to encompass every aspect of the financial world, from payments to securities. Musk is currently working to obtain money transfer licenses in the US, which is an important step towards providing X financial services.
It expects these financial functions to be operational by the end of 2024. X CEO Linda Yaccarino also expressed confidence that these financial services will be launched by the end of next year.
Musk envisions X as an all-encompassing platform like China’s WeChat that offers a wide range of services and becomes the “app of everything.” But the challenge is to gain users’ trust and convince them to trust X for all their financial needs.
Source: Ferra
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