Elon’s X Super App Set to Disrupt Finance with Crypto Trading—Wall Street on Notice

Musk’s everything-app just got sharper teeth. X—the platform formerly known as Twitter—is reportedly rolling out investment and trading features, morphing into a one-stop-shop for digital asset fanatics.

Supercharge your portfolio

No more app-hopping between social media and trading platforms. X’s planned integration could let users sh*tpost and shill bags in the same ecosystem—because what’s a 21st-century economy without multitasking?

Wall Street’s worst nightmare?

While traditional brokers fret over compliance, Musk’s empire keeps eating their lunch. First payments, now trading? At this rate, X might IPO itself—on its own platform. (Cue the Goldman Sachs panic rooms.)

One cynical footnote: Finally, a use case for all those ‘diamond hands’ emojis.

Musk’s plans for X

X has increasingly become a top platform for social engagement and news, with Musk among its most vocal advocates. In addition to cryptocurrencies, users have called for the integration of everyday solutions and services.

X chief executive officer Linda Yaccarino, who succeeded Musk as CEO in June 2023, shared fresh details about what the platform is planning.

She told the Financial Times in an interview that the goal is to bring all financial services to the public through a single app. It’s not just about the ability to, for instance, pay for pizza, she said, but also to make investments or trade assets.

“A whole commerce ecosystem and a financial ecosystem is going to emerge on the platform that does not exist today,” Yaccarino added .

Partnerships and integrations

X recently revealed its partnership with Polymarket, picking the blockchain-based platform as its official prediction market partner.

The MOVE follows Musk’s comments on launching a peer-to-peer digital wallet service, dubbed X Money. Notably, this is expected to be a collaboration with payments giant Visa.

In her remarks, Yaccarino confirmed that the upcoming trading and investment features will initially be available to users in the United States. A broader rollout will aim to offer global users services such as merchandise purchases and tipping.