Elon Musk's X (formerly Twitter) platform plans to start offering financial services by 2024. Mask is trying to build a WeChat-like platform with the goal of turning X into a "super app." It aims to provide a service that covers all aspects of a user's financial life and puts forward the idea of eliminating the need for traditional bank accounts: When I say payment transactions, I'm actually talking about a person's entire financial life. Money, securities or whatever it is called. So it's not like sending $20 to my friend. You won't need a bank account. If we don't get this up and running by the end of next year, I'm going to lose my mind. - he noted.
However, this new service is expected to face challenges such as licensing difficulties and integration into the traditional financial system.
