{"id":63041,"date":"2023-10-28T02:59:38","date_gmt":"2023-10-28T06:59:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=63041"},"modified":"2023-10-28T03:00:25","modified_gmt":"2023-10-28T07:00:25","slug":"elon-musks-x-aims-to-transform-finance-as-central-hub","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/elon-musks-x-aims-to-transform-finance-as-central-hub\/","title":{"rendered":"Elon Musk\u2019s X Aims to Transform Finance as Central Hub"},"content":{"rendered":"\n

Elon Musk-owned X <\/a>(formerly Twitter) aims to position itself as a central financial hub, encouraging individuals to consider using it as their primary financial solution.<\/p>\n\n\n\n

\"Elon
Elon Musk\u2019s X Aims to Transform Finance as Central Hub<\/figcaption><\/figure>\n\n\n\n

The Verge reports that Musk outlined his plans to turn the platform into a financial hub at an all-hands meeting on October 26. He also included a timeline for adding new services by the end 2024. <\/p>\n\n\n\n

Musk sees X as a comprehensive financial platform that handles all facets of customers' financial lives, from securities and money to doing away with the need for conventional bank accounts<\/a>. <\/p>\n\n\n\n

Musk reportedly brought up his invention of the PayPal platform during the meeting. Musk co-founded X.com, which PayPal later purchased. X.com was first intended to be a comprehensive banking platform.<\/p>\n\n\n\n

\n

Great progress by the \ud835\udd4f team!

Company all-hands happening rn.

Post questions below! https:\/\/t.co\/7iVNBHj5Nq\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>— Elon Musk (@elonmusk) October 26, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Musk is leading all feature development at X and planning premium offerings with a hands-on approach. In addition to generating cash, the goal is to establish X as a flexible, all-purpose platform for users.<\/p>\n\n\n\n

As X develops into an all-in-one app, it may face competition from websites like YouTube, LinkedIn, and Cision PR Newswire, according to Musk's comments, as reported by Bloomberg. X CEO Linda Yaccarino<\/use><\/svg><\/span><\/a> and Elon Musk presented their plan to launch XWire, a news wire service that would threaten Cision. <\/p>\n\n\n\n

Although X is now widely acknowledged as the main forum for news development and discussion, more information about X's services that compete with Cision, YouTube, and LinkedIn is still to come.<\/p>\n\n\n\n

Yaccarino recently talked about the developments and advances the platform has made in the last year in a blog post. She lists popular items, including Audio and Video Calling, Community Notes, and the soon-to-be $1 payment capability for the site.<\/p>\n\n\n\n

Additionally, Musk revealed in a post from October 27 that X is looking at the prospect of live-streaming business meetings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk-owned X (formerly Twitter) aims to position itself as a central financial hub, encouraging individuals to consider using it as their primary financial solution. The Verge reports that Musk outlined his plans to turn the platform into a financial hub at an all-hands meeting on October 26. He also included a timeline for adding […]<\/p>\n","protected":false},"author":43,"featured_media":63043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[223,15430],"class_list":["post-63041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-elon-musk","tag-x"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/croc_1698471598977.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=63041"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/63043"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=63041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=63041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=63041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}