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- Users of the Elon Musk-owned social media app X could be able to do more than just make posts: They could execute trades.
- X will “soon” have the capability to use the app to “to transact your whole financial life on the platform,” CEO Linda Yaccarino told the Financial Times, adding that will include making investments or trades, as well as sending money to someone else.
- She added that X is also weighing the launch of a credit or debit card, which could debut later this year.
- X has already made a foray into offering financial products as it announced in January it will offer the digital wallet X Money, also later this year. It is partnered with Visa (V) on that.
- “A whole commerce ecosystem and a financial ecosystem is going to emerge on the platform that does not exist today,” Yaccarino noted.
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