The X of Elon Musk intensifies its efforts to transform the social media platform into a “all application”, the Financial Times reported on Thursday.
The platform, formerly known as Twitter, will allow users “soon” to make investments or exchanges on the platform, CEO Linda Yaccarino told the newspaper in an interview with Cannes Lions Advertising Festival.
“Soon, you will be able to live all your financial life on the platform,” said Yaccarino in an appearance of panel during the same event, listing the payments of Peer-to-Peer (P2P), storing value, paying for creators or looking at the events of the payment card (PPV) as examples.
X has teamed up with Visa to develop “x money” earlier this year as a digital portfolio and P2P payment service. This is part of Musk’s ambition to transform X into super application, similar to Chinese WeChat, which offers many retail and financial sales and messaging services.
Elon Musk has become closely associated with cryptocurrency for several years, due to its affection for the same Doge and 11,500 BTC ($ 1.2 billion) that its Tesla electric car manufacturer holds.
As such, crypto observers will think that it is likely that any project that Musk has for X providing financial services will imply cryptocurrency in one form or another.
X did not immediately respond to the request for comments from Coindesk.
