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IPFS News Link • Technology: Software

Elon Musk says X payments will eliminate need for bank account by end of 2024

• by Mike Dalton

Twitter/X owner Elon Musk revealed new details of his planned payment services during an all-hands staff meeting, as reported by The Verge on Oct. 26.

Musk said the new feature will cover almost all areas of finance, stating:

"When I say payments, I actually mean someone's entire financial life. If it involves money, It'll be on our platform. Money or securities or whatever. So, it's not just like send $20 to my friend. I'm talking about, like, you won't need a bank account."

Though Musk suggested that X will cover almost all areas of finance, he did not state that it will integrate new cryptocurrency features. However, the app already includes certain crypto features, such as Bitcoin and Ethereum tipping and NFT profile picture support.

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