- Elon Musk revealed plans to turn the social media platform into an all-encompassing financial hub.
- According to Musk, X users would no longer need bank accounts after the implementation.
- The proposed payment features would become available on X by the end of 2024.
Elon Musk, the owner of X (formerly Twitter), has revealed plans to turn the social media platform into an all-encompassing financial hub. Musk made the revelation during an all-hands call with the company’s employees last Thursday and claimed that his aim is that X users would not need bank accounts after his plans are implemented.
As reported by The Verge, Musk noted that the proposed payment features would become available on X by the end of 2024. According to him, it would be a powerful implementation, and the people would be surprised by the extent of such powers.
“When I say payments, I mean someone’s entire financial life,” Musk said.
The X owner emphasized that the proposed implementation would go beyond sending money from one user to another. He noted that he plans to create a payment system that would handle all the payment needs of users, and they wouldn’t need a bank afte…
The post Proposed X Payment System Would Replace Bank Accounts: Elon Musk appeared first on Coin Edition.