X (formerly Twitter) is reportedly trying to become a “super app” with integrated financial services that may or may not include Crypto. This works well with the attachment of users and readers to cryptography.
However, CEO Linda Yaccarino did not explicitly address these wishes. This kind of integration requires new regulatory challenges, which could be a long and challenging battle.
Can X provide crypto transactions?
Twitter has long held a special place in the Crypto community and serves as a coordination hub for enthusiasts and developers. Ever since Elon Musk bought the platform in late 2022, he has envisioned turning it into a “super app.”
Today, Fortune argued that this pivot could happen soon thanks to a new push of momentum.
“You will be able to come to X and be able to trade your entire financial life on the platform. And that is whether we can pay for the pizza we shared last night, or invest or trade. Today’s commercial ecosystems and financial ecosystems will emerge on platforms that do not exist today.”
She went on to explain some specific components of this long-term vision. Musk has turned to Wechat, a popular Chinese messaging app, as a model for X conversion.
This app will be a combination vehicle for messaging, payment and shopping. We plan to integrate with Visa to open a wallet service. However, these plans do not mention the role of Crypto in the new model of X.
To be clear, its owner, Elon Musk, is a huge crypto advocate, with his other companies holding important Bitcoin reserves. From this perspective, it seems easy to incorporate crypto transactions directly into X.
After all, both leadership and user base tend to be strong in the industry.
Unfortunately, it may not be that simple. For one thing, these services require actual cooperation from regulatory authorities. Elon Musk has already attracted criticism of the interests of his code, even without counting X.
Plus, he and President Trump made the legendary dropout earlier this month. The tension may now be quiet, but their relationship has become a major setback.
Needless to say, the Crypto community hopes to become part of X’s super app, but Yaccarino did not suggest this. If that were possible, it would seem like a simple slam dunk to everyone involved.
For now, however, X could stick to the “minor and excessively inducible” mantra.
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