According to The Verge, X's owner Elon Musk anticipates that the platform will launch financial functions by the end of 2024.
X has been attempting to get banking and money transfer licenses in every US state.
Musk wants X to resemble the popular Chinese app WeChat.The Verge revealed on Friday that Elon Musk anticipates X to launch financial functions before the end of the following year.
In an all-hands call on Thursday, Elon Musk, the owner, chairman, and chief technology officer of X,
the website that was formerly known as Twitter, provided an estimate of his financial goals.
An audio recording of the meeting was obtained by The Verge.Musk stated that he wanted "someone's entire financial life" on the platform ,
during the all-hands call in order to eliminate the need for bank accounts. "If money is involved. Money,
securities, or anything else will be available on our platform," he declared.