X to Launch Trading, Credit Cards, and X Money in Super App Push
Hey FinTech Fanatics!
X CEO Linda Yaccarino says users will soon be able to invest, trade, and manage their financial lives directly on the platform, marking the boldest step yet in Elon Musk’s plan to build an “everything app” modeled after China’s WeChat.
“Whether I can pay you for pizza or make an investment, that’s the future,” Yaccarino told the Financial Times.
Key Moves:
- X Money, a digital wallet with Visa as its launch partner, will roll out in the U.S. later this year.
- Users will be able to tip creators, buy merchandise, and store funds on-platform.
- A potential X credit or debit card is also in the works for release this year.
Yaccarino hinted that X Money is just the foundation for a broader fintech ecosystem on the platform, one that could eventually support investments, trading, and credit/debit cards. She confirmed the company is exploring launching its X-branded cards as early as this year.
“A whole commerce ecosystem and a financial ecosystem are going to emerge on the platform that do not exist today,” she said.
This financial layer would transform X into a real-time financial hub, connecting content, payments, and commerce, all within a single interface.
However, such a move will likely trigger regulatory scrutiny, as X will need to comply with money transmitter laws, KYC/AML obligations, and potentially obtain multiple state licenses.
Still, the ambitions are clear: X wants to own the rails of social and financial life, making it possible to post a meme, pay for lunch, invest in stocks, and tip your favorite creator, all without leaving the app.
Read more global FinTech industry updates below 👇 and I'll be back with more on Monday!
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