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Cryptocurrency News Articles
Elon Musk Is Turning X (Formerly Twitter) into a SuperApp by Integrating X-Money with It
May 02, 2025 at 11:54 pm
By the end of 2025, X Money aims to combine social media and finance, launching its payment system
Elon Musk is aiming to transform X (formerly Twitter) into a super app by integrating X-Money with the platform, merging social media and finance by the end of 2025.
The crypto community feels that X money may face certain challenges, especially in Western countries.
Elon Musk is back in the news cycle with an ambitious plan to build a super app for the West, integrating social media, AI, and cryptocurrency into one platform.
The billionaire has been working on integrating X Money, an upcoming payment service from X (formerly Twitter), which may soon support cryptocurrency transactions.
Elon Musk Plans to Integrate X Money With the X Platform
Elon Musk's vision is to turn the X platform into more than just a social network. Instead, he envisions an app that combines messaging, Grok AI integration, and digital transactions, making it a one-stop app for communication and finance.
This vision is closely tied to the launch of X Money, which is expected in mid-2025. The platform could position X as a serious competitor to leading fintech apps, offering users a seamless experience for both social and financial interactions.
Discussing the potential for crypto integration, Anthony Scaramucci, founder of SkyBridge Capital, recently highlighted that Elon Musk is likely to introduce cryptocurrency payments into X's payment system.
This move wouldn't be surprising, considering Elon Musk's longstanding interest in decentralized finance, evident through initiatives at Tesla and SpaceX.
Adding crypto support would enable X to appeal to a broader, tech-savvy audience already engaged with digital assets like Bitcoin (BTC) and Dogecoin (DOGE).
The move aligns with Elon Musk's vision of diversifying payment options and fostering financial innovation, which could be a key factor in attracting attention in the West.
However, introducing crypto transactions isn't without challenges. Regulatory compliance will be a major hurdle, especially as global financial watchdogs keep a close eye on digital asset usage.
To roll out a secure and legally sound crypto service, Elon Musk's team will have to navigate complex legal frameworks across multiple jurisdictions.
Elon Musk's Ambitions for a Super App Similar to China's WeChat
Elon Musk's ambition to build a super app similar to China's WeChat is evident. However, replicating this model in the West poses significant challenges due to the market's saturation with dominant players in both fintech and social media.
Despite the competitive landscape, Elon Musk's vision of integrating social networking, AI, and cryptocurrency into one platform is an interesting one.
If Elon Musk can overcome the regulatory and competitive challenges, X could redefine how users interact online—financially and socially. As the world watches, the big question remains: Can Elon Musk truly launch the West's first true Super App?
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- Kuwait Cracks Down on Cryptocurrency Miners, Accusing Them of Aggravating Power Shortages
- May 03, 2025 at 12:35 pm
- The government of Kuwait has initiated a crackdown on cryptocurrency miners throughout the nation, accusing them of aggravating power shortages with summer just around the corner. By David Anders. Updated April 26, 2025.
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- Unichain, launched by Uniswap Labs earlier this year, has become the first Ethereum Layer 2 network to process blocks using a trusted execution environment
- May 03, 2025 at 12:20 pm
- TEEs, for short, are a type of hardware solution used widely outside of crypto that some experts say is a promising avenue for scaling and securing blockchains.
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