Elon Musk, has announced groundbreaking plans to enhance X.com (formerly known as Twitter). In a recent online company meeting, Musk revealed his vision for a financial platform to launch in 2024, promising to encompass every aspect of your economic life.
The platform's scope is set to amaze users, encompassing money, securities, and more, eliminating the need for traditional bank accounts. Musk declared,
It's not just about sending $20 to a friend; it's about redefining how we handle our finances.
Linda Jaccarino, a top executive at X.com, confirmed 2024 as the year when this financial platform will become fully operational, provided the necessary permits are granted in the coming months.
Having already obtained licenses to offer payment services in 7 U.S. states, including the ability to work with cryptocurrency, X.com is poised to transform how we manage our money. This endeavour follows Musk's vision of turning Twitter into an "app for everything," with features like payments and an electronic wallet akin to China's WeChat.
Musk expressed his aspiration to launch a digital bank integrated with the platform, allowing users to utilize their social network balances as high-yield accounts and seamlessly connect them to cards or checking accounts. X.com's evolution promises to redefine personal finance as we know it, making 2024 a year to watch for financial innovation.
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