Elon Musk Envisions X as a Financial Hub

Elaborating on this, Musk conveyed that the platform would encompass the entirety of one’s financial activities. Whether it pertained to cash, financial instruments, or any other monetary aspect, it would find a place on the X platform. Displaying confidence in the rollout of these features, Musk remarked, “it would blow my mind if we don’t have [these features] rolled out by the end of next year.”

It’s worth noting that the concept of X as a financial nexus isn’t entirely new. The very name “X” has its roots in Musk’s early venture, the online bank known as X.com.

Token Launch Not on the Horizon

Despite unveiling these features, Musk previously clarified he doesn’t intend to introduce a crypto token for X. Earlier, on Aug. 5, a Dogecoin (DOGE) graphic artist had warned the crypto sphere about potential fraudulent tokens asserting a misleading connection with X.

So, while the prospect of a token may not be on the table, Musk’s vision could very well signal a transformative shift away from traditional banking.