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Elon Musk Reveals Plans for “X” App with Payment Options and Financial Services by 2024

Elon Musk has already spoken quite often about his plans to transform his own microblogging site “X” into a comprehensive app that will offer a variety of features, including financial services. In a recent conversation with “ARK Invest” representative Kathy Wood, Musk revealed that “X” could start offering payment options around the middle of 2024.

Musk stated that he hopes to launch financial services sooner, but he is frustrated by bureaucratic processes. It should be noted here that “X” needs to obtain licenses to perform money transfers on the “X” platform, which could be quite a time-consuming process. So far, the company has received a license from 12 US states.

At the same time, many crypto-enthusiasts hoped that Musk could also integrate his favorite cryptocurrencies, including Dogecoin and Bitcoin, as part of the X payment system, but the entrepreneur has not commented on such plans and seems to be off the topic. relevant as before. True, “Tesla” still owns $148 million in “Bitcoin”, and customers can buy goods from the “Tesla” booth for “Dogecoin” cryptocurrency.

2023-12-25 09:00:00
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