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Elon Musk wants ‘your entire financial life’ to be on X: report

Nature

Elon Musk, CEO of SpaceX and Tesla and owner of

Stefani Reynolds | AFP | Getty Images

X owner Elon Musk is trying to create a future where X users can use the platform for their entire financial lives, according to a report from The Verge.

Musk told employees in a meeting Thursday that the plan was to roll out the feature in 2024, said The Verge’s report, which also quoted CEO Linda Yaccarino as saying it was a “complete opportunity » during the next calendar year.

“When I talk about payments, I’m actually talking about someone’s entire financial life,” Musk said during the meeting, according to The Verge article, citing the obtained audio. “If it’s about money. It’ll be on our platform. Money or securities or whatever. So, it’s not like sending $20 to my friend. I’m talking about, like you n ‘didn’t need a bank account.’

X is working on obtaining money transfer licenses across the United States, The Verge reported. The company already has licenses for money transfer or money services in nine states, according to the Nationwide Mortgage Licensing System.

Musk’s desire to expand the financial component of

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