Elon Musk

<p><strong>Elon Musk is aiming to turn X into a super app by turning it into a trading hub.</strong></p> 
<h2 style="text-align: center;" id="expansion">Expansion</h2> 
<p>X, formerly known as Twitter, <a href="https://watcher.guru/news/x-to-build-an-in-app-trading-hub-searching-for-provider" target="_blank" rel="noopener noreferrer nofollow">is on a quest to expand</a> beyond being a social media platform. Elon Musk, the driving force behind the transformation, aims to turn X into a super app with consumer services. Among these services is the vision of creating an in-app trading hub that provides real-time financial data and stock information. News outlet Semafor has obtained documents indicating X’s intention to find a financial-data giant for this project.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Elon Musk’s soon-to-be super app X, formerly known as Twitter, is looking for a financial-data giant to build a trading hub inside the app, according to a report from Semafor. <a href="https://twitter.com/HeleneBraunn?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@HeleneBraunn</a> reports<a href="https://t.co/qJgVdRSljR" rel="noopener noreferrer nofollow">https://t.co/qJgVdRSljR</a></p> 
 <p>— CoinDesk (@CoinDesk) <a href="https://twitter.com/CoinDesk/status/1687157933912571913?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 3, 2023</a><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
</blockquote> 
<h2 style="text-align: center;" id="the-vision-for-x-s-super-app">The Vision for X’s Super App</h2> 
<p>Elon Musk’s ambition for X goes beyond social media outreach. He envisions it as a <a href="https://walletinvestor.com/magazine/elon-musks-vision-for-twitters-x-a-global-financial-empire" target="_blank" rel="noopener noreferrer nofollow">global financial empire</a>, offering a wide range of services. Implementing a trading hub inside the app is a significant step toward achieving this goal.</p> 
<h2 style="text-align: center;" id="the-request-for-financial-data-providers">The Request for Financial-Data Providers</h2> 
<p>To build the trading hub, X has approached major financial-data providers for proposals. The request seeks real-time financial content, stock data, and other essential features. Interested bidders are asked to commit their own resources to the project.</p> 
<h2 style="text-align: center;" id="the-reach-of-x-and-potential-offerings">The Reach of X and Potential Offerings</h2> 
<p>X boasts hundreds of millions of highly-qualified users, making it an attractive platform for potential partners. While the specific offerings are not yet disclosed, there is a possibility of including crypto trading given Elon Musk’s affinity for digital assets.</p> 
<h2 style="text-align: center;" id="elon-musk-s-response">Elon Musk’s Response</h2> 
<p>Elon Musk has acknowledged the ongoing development on X but remains ambiguous about the trading hub project. He neither confirms nor denies its existence, leaving room for speculation about its status.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">UPDATE: Elon Musk denies Semafor report claiming X is working on an in-app trading hub.</p> 
 <p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1687149208032219148?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 3, 2023</a></p> 
</blockquote> 
<h2 style="text-align: center;" id="previous-speculation-on-trading-hub">Previous Speculation on Trading Hub</h2> 
<p>This is not the first time the idea of a trading hub within X has surfaced. In the past, eToro expressed its intentions to offer trading services, including cryptocurrencies, directly to X users.</p> 
<h2 style="text-align: center;" id="implications-for-the-cryptocurrency-market">Implications for the Cryptocurrency Market</h2> 
<p>If the in-app trading hub becomes a reality, X could easily facilitate cryptocurrency trading, including popular digital assets like Dogecoin and Bitcoin. Regulators’ stance on cryptocurrencies, as indicated by the SEC’s focus on Bitcoin, may influence X’s decision on which assets to list.</p> 
<h2 style="text-align: center;" id="future-plans-and-the-everything-app-concept">Future Plans and the Everything-App Concept</h2> 
<p>Elon Musk’s broader vision for X involves creating an everything-app akin to China’s WeChat. In addition to the trading hub, X aims to provide a wide array of services, including payments and gaming. The transformation to X has garnered positive reactions from crypto experts, who see it as a game-changer for the ecosystem.</p> 
<h2 style="text-align: center;" id="conclusion">Conclusion</h2> 
<p>X’s pursuit of a financial-data partner to build an in-app trading hub represents a significant step towards realizing Elon Musk’s vision of transforming X into a super app. While the details remain uncertain, the potential inclusion of crypto trading and other financial services could bring profound implications for the platform and the broader cryptocurrency market.</p>

X Seeks Financial-Data Partner to Build In-App Trading Hub

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WalletInvestor

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