X Platform to Introduce In-App Investing and Trading, Potentially Offering X-Branded Debit Card

Elon Musk is pushing X closer to becoming an ‘everything app,’ with X CEO Linda Yaccarino announcing Tuesday that the platform will soon support in-app investing and trading. Yaccarino said users will be able to buy and trade on the social media platform, according to a report by the Financial Times. She also said the company is exploring an X-branded debit card, although she made no mention of crypto, a Musk passion.

“You’ll be able to come to X and be able to transact your whole financial life on the platform,” Yaccarino said .“And that’s whether I can pay you for the pizza that we shared last night, or make an investment, or a trade. So that’s the future.” In May, Musk confirmed that X Money was on the horizon with a “very limited access beta.” The move continues Musk’s ambition to create an app that combines social interactions with financial services.

Beyond trading, X will roll out its long-awaited peer-to-peer payment system, X Money, that Musk revealed in January. Musk is a longtime cheerleader for Dogecoin, but Yaccarino’s announcement did not mention the original memecoin or any other cryptocy.Elon Musk first publicly mentioned Dogecoin on Twitter on April 2, 2019, calling it his favorite cryptocy, and saying, “It’s pretty cool.”