On Thursday evening, Elon Musk and Linda Yaccarino (Musk’s right hand and current boss of X) met with employees for the first time since taking over the portal. The billionaire shared his plans with Team X and set an important goal for the employees.
X is waiting for another revolution. Musk wants to keep his finger on all our finances
The content of the conversation was, of course, leaked online, so we now know what plans Elon Musk has for users. It turns out that the owner of the social networking site wants Portal X to eventually replace banks. According to the billionaire, X should enable its users to take care of every aspect of their lives related to money – from storing it, through transfers and payments, to paying bills and even investments.
Like , Musk said users will be surprised “how powerful this feature is.” – When I talk about payments, I really mean a person’s entire financial life – the billionaire told his employees during the meeting. He explained that he was not only talking about money, but also about, for example, trading in securities. – It’s not that you’ll be able to send it [poprzez X] – ed.]$20 to a friend. The idea is that you won’t need a bank account anymore, Musk explained.
Linda Yaccarino admitted that the company plans to implement financial functions to X in 2024, with Elon Musk agreeing. “I would go crazy if we didn’t release it before the end [2024] year,” added the billionaire. X Corp. has been trying to obtain a license to offer financial services for some time (for now only in the United States) and, according to Musk, it should be granted “in the next few months.”
According to Elon Musk’s long-term plan, Portal X is to ultimately become “the everything app”. The old Twitter will be just one element
Source: Gazeta
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