The Elon Musk’s Platform X platform is scheduled to enter the field of financial services, where it is expected to launch trading and investment features within the application in 2025, as part of a wider batch to convert the social media company to “apply everything”.
According to reports, CEO of X Linda Yaccarino at Cannes Lions Festival confirmed that users “soon” are able to “deal with your entire financial life on the platform.”
She added that it could include paying the price of a pizza, “or an investment or trade.”
According to what was reported, the application is developing a digital payment service and payment to a counterpart called X Money, which is expected to be for the first time in the United States with Visa as a partner.
X ambitions go beyond basic transactions. The company aims to compete with financial platforms such as Robinhood by enabling users to buy and sell assets directly within the application.
Features include creative development, value storage, and purchases. The discount card or credit card with brands can arrive before the end of 2025.
MUSK’s long -term vision is to create a single platform that combines correspondence, trade, payments and investment.
“A full commercial environmental system and a financial environmental system will appear on the platform that is not present today,” said Yakino.
However, organizational obstacles are waving. Adding financial tools will require compliance with licensing rules and combating money laundering.