Elon Musk

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 <p><a rel="noopener noreferrer nofollow" title="Elon Musk" href="https://thebittimes.com/tag/elon-musk.html">Elon Musk</a> plans to turn X into a <a rel="noopener noreferrer nofollow" title="full-" href="https://thebittimes.com/tag/full.html">full-</a>on <a rel="noopener noreferrer nofollow" title="finance" href="https://thebittimes.com/tag/finance.html">finance</a> <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> within a year, saying that users won’t need a bank account anymore, according to a Verge report. He expects those <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> to launch by the end of 2024, he told X employees during an&nbsp;all-hands call on Thursday,</p>
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    <p lang="en" dir="ltr">JUST IN: <a rel="noopener noreferrer nofollow" title="Elon Musk" href="https://thebittimes.com/tag/elon-musk.html">Elon Musk</a> plans to turn X into a full on <a rel="noopener noreferrer nofollow" title="finance" href="https://thebittimes.com/tag/finance.html">finance</a> <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> within a year, says you won't need a bank account anymore, Verge reports.</p>— Watcher.Guru (@WatcherGuru) October 27, 2023
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 <p>“When I say payments, I actually mean someone’s entire financial life,” Musk said, according to audio of the meeting obtained by&nbsp;The Verge. “If it involves money, it’ll be on our <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a>. Money or securities or whatever. So, it’s not just like sending $20 to my friend. I’m talking about, like, you won’t need a bank account.”</p>
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 <p>Elon Musk has been persistent in his efforts to transform X since he acquired the platform previously known as Twitter. He has also been vocal about adding more financial capabilities to the platform, including paying more revenue to users on the platform for post-engagement.</p>
 <p>X CEO Linda Yaccarino adds that the company sees this becoming a “full opportunity” in 2024. “It would blow my mind if we don’t have that rolled out by the end of next year,” Musk also mentioned in the meeting.</p>
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 <p><strong>Also Read: Bitcoin Forecasted To Hit $87,000 by 2025, Says Panel of Experts</strong></p>
 <h2 class="wp-block-heading" id="h-x-on-the-way-to-becoming-a-full-finance-platform">X On the Way to Becoming a Full Finance Platform</h2>
 <p>X has been working for months on obtaining more licenses nationwide to make this financial juggernaut dream a reality. Elon Musk hopes that these steps will lead to the necessary infrastructure to enter the payments business.</p>
 <p><strong>Also Read: X Gets New Transmitter License for Payment Service in Mississippi</strong></p>
 <p>“The X/PayPal product roadmap was written by myself and David Sacks actually in July of 2000,” Musk claims in Thursday’s internal X call. “And for some reason PayPal,&nbsp;once it became eBay, not only did they not implement the rest of the list, but they actually rolled back a bunch of key features. So PayPal is actually a less complete product than what we came up with in July of 2000, so 23 years ago.”</p>
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 <p>With these developments, X may be further down the path to becoming the “everything app” that Musk dreams of it to be.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/elon-musk-to-turn-x-into-a-full-on-finance-platform-within-a-year-tbt68160.html">https://thebittimes.com/elon-musk-to-turn-x-into-a-full-on-finance-platform-within-a-year-tbt68160.html</a></p>

Elon Musk to turn X into a full-on finance platform within a year

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