X Social Network Set to Transform Financial Interactions

The X social network will soon enable users to conduct financial transactions and make investments.

This was announced by the CEO Linda Yaccarino in an interview with Financial Times, as reported by Interfax-Ukraine.

“Users will be able to log into X and manage all their financial activities on this platform. For example, I could pay you for the pizza we had last night, make an investment, or execute a trade,” she stated.

Additionally, X is considering the release of credit and debit cards within this year, Yaccarino added.

Previously, the company announced the launch of the X Money e-wallet, which will also offer a payment service similar to PayPal. The first partner in this project will be Visa.

According to Yaccarino, X Money will initially launch in the USA before expanding internationally. With this service, users will be able to purchase products and financially support content creators on the X platform.

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 later became part of PayPal. Now, this domain name is used by the former Twitter.