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The first images of the X Money service from X (formerly known as Twitter) have been officially revealed, attracting great interest from the technological and financial communities.
The beta launch of X Money marks an important step in the plan to turn X into a full financial application. It also raised speculation about the integration of digital currencies.
Elon Musk responds to speculation about the merger of digital currencies
Popular actor William Shatner – most famous for his role as Captain Kirk in the Star Trek series – shared information about the service and invited readers to join the pilot.
The first screenshots from Shatner’s account show that X Money’s interface is simple and easy to use.
The application includes three main tabs: the account,RewardandActivities. Users can easily send and receive money, request payments and deposit funds.
Among the outstanding features is the possibility to receive direct transfers and receive returns of up to 6.0% APY.
The Teslaconomics account predicted that X Money will soon integrate cryptocurrencies with X. It also predicted that the platform will support asset management and share trading directly from the timeline.
Teslaconomics said that later there will be high-yield savings accounts, investment, loans, money market accounts, maybe even access to a treasury, cool smart money codes that allow you to see stock prices directly in your timeline and perform seamless transactions, integrate digital currencies, potentially manage entire assets … financial transactions.
Billionaire Elon Musk reposted Teslaconomics predictions, indirectly admitting that these perceptions may soon become reality.
Previous speculation suggests that X Money may accept payments using it Dogecoin o XRP. However, market analyst Chamath Palihapitiya believes that X Money will instead accelerate the adoption of stablecoins. He also added that the profits generated by this system flow to the users instead of the platforms.
Although Musk did not directly confirm these predictions, he wrote a comment indicating his support.
With existence More than 600 million monthly active users In X, any cryptocurrency adoption could cause a significant impact.
These developments indicate that the full-scale launch of X Money is fast approaching. The project has already obtained money transfer licenses More than 40 US states.
Tesla Owners Silicon Valley stated: “𝕏 money will be the biggest story of the year. Are you ready?” He stated that.
The stablecoin payment market is currently entering a hot race, with deeper participation from large companies such as visa, strip, anddead. It is unlikely that X Money will stay out of this competition.
