Elon Musk

<p class="is-style-lead">In the all-hands call on Oct. 26, Elon Musk shares his vision for X becoming a central hub for financial matters.</p> 
<p>With previous reports of quiet Dogecoin development and the CEO’s history of sparking price rallies, new 2024 features of X continue to remain of interest to the cryptocurrency industry.</p> 
<h2 class="wp-block-heading" id="transforming-twitter-into-an-everything-app">Transforming Twitter into an everything app</h2> 
<p>In early September,&nbsp;<a target="_blank" href="https://www.forbes.com/sites/digital-assets/2023/09/04/elon-musk-revealed-to-be-quietly-funding-crypto-rival-to-bitcoin-amid-price-crash/?sh=3f83345817ba" rel="noreferrer noopener">Forbes reported</a>&nbsp;that the Tesla billionaire Elon Musk was about to embark on a mission to transform Twitter into X, an “everything app” which would include features like payments.</p> 
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   <p lang="en" dir="ltr">Great progress by the 𝕏 team!<br><br>Company all-hands happening rn. <br><br>Post questions below! <a href="https://t.co/7iVNBHj5Nq" target="_blank">https://t.co/7iVNBHj5Nq</a></p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1717678281330130995?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 26, 2023</a>
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<p>The Tesla founder goes on to share that new features would consider someone’s entire financial life, meaning if it involved money, it would be on the X platform, whether that was money, securities, or something else. Musk goes on to share a statement of optimism, stating, “it would blow my mind if we don’t have [these features] rolled out by the end of next year.”</p> 
<p> You might also like: <a href="https://crypto.news/elon-musk-and-mark-cuban-spoke-out-against-sec/"> Elon Musk and Mark Cuban spoke out against SEC </a> </p> 
<p>This discussion wasn’t the first time discussions of X becoming a financial hub would be brought to light. After all, the name X comes from the CEO’s dot-com era online bank, X.com.</p> 
<h2 class="wp-block-heading" id="no-token-launch-plans">No token launch plans</h2> 
<p>Despite the announcement of new features, Elon Musk has shared in the past that this would not include a plan to launch a crypto token. On Aug. 5, a Dogecoin (DOGE) graphic designer instead alerted the crypto community of potential scam tokens&nbsp;<a href="https://crypto.news/elon-musk-says-x-has-no-plans-of-launching-token/" target="_blank" rel="noreferrer noopener">falsely claiming association with X</a>.</p> 
<p>Therefore, while a token might not be in the cards, the end to banks might be.</p> 
<p> Read more: <a href="https://crypto.news/elon-musk-x-criticized-for-suspending-pro-xrp-account/"> Elon Musk, X criticized for suspending pro-XRP account </a> </p>

Elon Musk wants to turn X into your next banking choice

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