Elon Musk has made the important decision to change Twitter’s name into X. This change points toward his aspiration to develop an “everything app,” much like WeChat in China. Musk wants to turn the platform into X App for multiple aspects of finance. Users will be able to handle their entire financial landscape in this application.
The X App will have mobile wallets, transfer money to friends, pay bills, and connect directly with users’ bank accounts. The app is expected to reach the market this year. Visa will be the first partner involved in building the X Money Account.
Together, this offer will enable users to transfer money to the X wallet quickly and securely. It will enable peer payments and help complete transactions faster and securely. Wire transfers are deliberately constructed on the fast lane, just to provide an excellent experience to the users.
The phrase captures exactly the degree of excited hype that comes with launching this: “LFG,” short for “Let’s F*cking Go.” This is an expression that signifies the buzzing excitement Musk brings to this project. The application will initially focus on person-to-person payments. Eventually, Musk intends to broaden the app’s capabilities across shopping and beyond, creating a fully fledged financial ecosystem for its users.