X (formerly Twitter) is going to get quite a few banking and finance features in 2024, and they will include payment-related features too. That is the intent Elon Musk has expressed often. As such, those who are wondering about the connection between financial services and social media should not be surprised, as company owner Musk has said that he plans to turn X into an “everything app”, much like China's WeChat and Alipay. But an everything app does not just have payments, it is also required to have a lot of other services as well. So, what exactly is Musk planning to bring to X? Let us take a look.
Among the first could be a news distribution service. According to a report by Bloomberg, the service will be called XWire, and it was revealed at the same all-hands meeting where the payment info came from.
“The duo also referenced ambitions to create a news wire service called XWire, which would rival Cision's PR Newswire,” Bloomberg quoted sources as saying.
A report by The Information also highlights the plans of Musk and X CEO Linda Yaccarino to add shopping and sports features to the platform as well. Shopping makes a lot of sense and it is the logical successor to payment features since people need something to actually transact on the app as well.
However, it is not clear what the sports features may actually be. It could be live streaming of sports, sports coverage, commentary, or even fantasy-related features. Not much is known about this.
Further, gaming could be another feature, as Musk himself has talked about it during one of his Diablo IV game streams. He said that he would want to bring streamers who stream games on Twitch, YouTube, or Kick, exclusively to X.
Another area where the company is working on is the
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