Musk's X to integrate financial services this year... "Payment and investment functions included"

X CEO "A Financial Platform Used by 600 Million Will Emerge"
Some Say "X's Own Cryptocurrency Will Be Revealed Soon"

SNS X is set to launch a financial service including direct payment and investment features this year.

Linda Yaccarino, X CEO, said in an interview with Financial Times (FT) on the 19th that "About 600 million X users will be able to use services including money transfer and investment management on the platform." According to reports, X is considering launching its own credit and debit cards by the end of this year.

Previously, Musk mentioned WeChat when acquiring X, predicting that X would transform into a 'super app' with various functions including finance. Subsequently, Musk's X actually obtained payment licenses in 39 U.S. states.

According to reports, the official bank account of X is set for release in 2025, but the exact launch date has not yet been disclosed. Musk himself explained that X's financial service is currently in the trial stage and being carefully developed.

Particularly, some analysts suggest that X's financial service might include its own cryptocurrency. Earlier this year, X's software development code suggesting the development of its own cryptocurrency was circulated through multiple SNS platforms. Based on the circumstances Musk has shown since acquiring X, there are interpretations that X will soon launch X Money, its own cryptocurrency, and provide payment services in the United States with payment features.

Reporter Seung-won Kwon ksw@blockstreet.co.kr