Elon Musk Aims to Transform X into Your Bank Account Alternative

The new service will allow users to store, send, and earn interest on money.

This move is expected to revolutionize content creator monetization.

Can the social media giant X (formerly Twitter) soon become an alternative to your bank account? With acquiring money transmitter licenses in half of the US states, X is poised to offer its users a new financial experience, combining social media with banking services.

Elon Musk has been ambitious in turning his social media platform into a trading and financial hub, ultimately becoming an “everything app.” A year ago, the platform added new financial symbols for the most popular investment instruments.

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