Elon Musk once again showcased his vision that extends beyond the realms of technology and automotive industries. As the CEO of Tesla, SpaceX, and X, Musk hinted that the financial world will also be shaken up in the near future.
X to Become the Center of the Financial World
In a video conference with the employees of X company, Elon Musk revealed his plans for the platform to play a central financial role by the end of 2024. Musk’s primary objective is to render bank accounts obsolete and redundant.
According to a report by The Verge, Musk indicated that X will eventually incorporate financial features. While complete details about these features remain undisclosed, Elon Musk claims that these innovations will astonish everyone.
Could DOGE and Cryptocurrencies be Integrated into the X Platform?
Famed entrepreneur Elon Musk, known for his technological breakthroughs and innovative vision, frequently makes headlines in the industry. Musk’s acquisition of Twitter last year and his subsequent rebranding of it to “X” signifies not just pushing the boundaries of social media, but also his aim to enact profound changes across the digital world.
There’s ongoing speculation that X’s potential financial services might include cryptocurrencies. Analysts are pondering over the possibility of Musk’s favorite cryptocurrency, DOGE, being introduced as a payment method on the X platform.
Considering Musk’s keen interest in cryptocurrencies, especially his affinity for DOGE, there are high expectations for the X platform to make significant strides in the payment sector.