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Elon Musk aims to turn X into a super app, with banking and payment features expected to be launched soon.
Golden Finance reports that on April 27, more than three years after acquiring Twitter (now called X), Elon Musk said that he is moving closer to his long-standing goal of turning the app into a “super app,” including a new financial services tool that he previously promised to roll out to the public this month. Based on the timeline Musk provided last month, X Money, the bank and payments platform built into the social network X, is expected to be made available to the public for the first time soon. Users who tested the service early praised its competitive offers, including 3% cash back on qualifying purchases and a 6% interest rate on cash savings—about 15 times the national average. According to early user reports, Musk’s new product is also expected to provide free peer-to-peer transfers, a metal Visa debit card bearing the user’s X signature, and an AI concierge service developed by Musk’s startup xAI to track spending and organize past transaction records. (Sina Finance)