Elon Musk wants to use X (previously known as Twitter) as a place where people can keep their money, like a bank account. It’s important to say that X has been changing a lot since Musk became its CEO. Most of which were not accepted by many of the users.
Read ahead to know more about Elon Musk wanting to turn X into a bank account.
Elon Musk’s changes made for X
Elon Musk took over Twitter back in 2022 as the CEO of it. Though users were initially happy to have Musk take over the platform. The changes that were brought by Musk to X (formerly Twitter) were not accepted by many. Be it the paid subscription plan, the name change of the platform, or others.
Could Elon Musk's 'X' Transform Twitter Into the World's Financial Hub? Share Your Thoughts! 🌍💼 pic.twitter.com/Gi6p2naP2d— Alina St. John (@AlinaStJoh34202) October 25, 2023
Some of the users even protested on X against the changes announced by Musk. A few of the users even left the platform for a better option. But that’s not everything. As per the latest online reports, Musk plans to make another change to X.
Elon Musk to turn X into bank account
The new claims made by a website will shock Twitter users now as Musk is thinking of bringing another change to the platform. According to the reports of The Verge, in an audio to the employees, Musk was heard talking about bringing financial services to Twitter.
In the audio Musk says “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”. He added, “It would blow my mind if we don’t have that rolled out by the end of next year”.
Elon Musk wants to turn X into a digital "financial services hub"!— Sergii Peleh (@PelehSergii) October 28, 2023
On the anniversary of the acquisition, the businessman held an internal video conference for employees and talked about future plans.
According to anonymous meeting participants, Musk is giving the team a year to… pic.twitter.com/eqluMawi7k
More about Elon Musk to turn X into bank account
Not to forget, even before, Musk’s banking company had merged with Confinity back in 2000 to later become PayPal. Users are quite excited with this announcement of Musk that hasn’t been made public by him so far. Yet, users must be excited to know what this new feature will offer.
In the future we may have the service of getting loans, savings accounts, debit cards, and else to use on X. Selling of products and services may happen too on X with the help of this feature eventually. However, we’ll only learn more about it as time goes on.
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