According to the report, the social media giant is preparing to let users carry out a wide range of financial transactions within the app. This includes day-to-day payments like buying food or tipping content creators, as well as more advanced tools for investing and digital fund transfers.
X CEO Linda Yaccarino also confirmed that the company is exploring the launch of a branded debit or credit card by the end of the year.
These changes have helped boost engagement, with usage metrics trending upward in recent quarters.
Meanwhile, the new financial features are expected to build upon earlier initiatives like X Money and a peer-to-peer payments system.
X has obtained money transmitter licenses in over 4 US states and is registered with FinCEN to support its growing fintech stack. These regulatory moves give the company a green light to offer many types of financial services across major jurisdictions legally.
Despite this progress, it is unclear whether digital asset transactions will be part of the platform’s offerings.
Still, many users expect X to embrace digital assets, given its tech-forward direction and Musk’s pro-crypto disposition.
