Elon Musk’s X Goes Full Fintech: In-App Payments & Trading Coming Soon – Buckle Up!
Elon's empire strikes again—X just turbocharged its financial takeover.
From tweets to trades
The platform once known for memes and meltdowns is morphing into a one-stop financial hub. Payments? Check. Trading? Double-check. Your grandma’s savings account? Probably not safe.
Why banks should sweat
Musk’s playbook is simple: bypass traditional finance like a Tesla dodging potholes. No intermediaries, no nonsense—just digital wallets and diamond hands. Wall Street’s 401(k) crowd won’t know what hit them.
The cynical kicker
Because nothing says ‘stable investment’ like a platform that changes its business model faster than a crypto influencer flips NFTs. Happy trading, degenerates!
“Everything App”
These moves are part of a broader strategy to evolve X into an “everything app,” echoing Musk’s long-held vision of combining social media, entertainment, payments, and commerce under a single platform.
Meanwhile, the new financial features are expected to build upon earlier initiatives like X Money and a peer-to-peer payments system.
Notably, the Musk-owned platform has partnered with Visa to develop the X Money Account, a digital wallet that supports fund transfers and peer-to-peer payments.
X has obtained money transmitter licenses in over 4 US states and is registered with FinCEN to support its growing fintech stack. These regulatory moves give the company a green light to offer many types of financial services across major jurisdictions legally.
Crypto integration?
Despite this progress, it is unclear whether digital asset transactions will be part of the platform’s offerings.
This is surprising considering Musk has consistently expressed interest in crypto and some of his companies, like Tesla, hold Bitcoin on their balance sheets.
However, his social media platform has not confirmed plans to support crypto transactions. There is also no indication that the platform will launch a token, despite increased speculation from the community.
Still, many users expect X to embrace digital assets, given its tech-forward direction and Musk’s pro-crypto disposition.
