Social network X will soon enable users to trade and invest.
This was announced by Financial Times CEO Linda Yaccarino, according to Interfax-Ukraine.
“You will be able to manage all your financial activities on X. For instance, I can pay you for the pizza we had last night, make an investment, or execute a trading transaction,” she stated.
Additionally, X is considering launching credit or debit cards within this year, Yaccarino added.
Previously, the company announced the launch of the X Money digital wallet, which will include a payment service similar to PayPal. Visa will be the first partner in this project.
According to Yaccarino, X Money will initially be launched in the USA and later expand internationally. Users will be able to buy products and financially support content creators on X.
It’s worth noting that Elon Musk acquired Twitter in 2022 for $44 billion and later rebranded it to X. In 1999, he co-founded the payment service X.com, which eventually became part of PayPal. Now, this domain name is used by the former Twitter.