Reportedly X is planning to bring a new inbuilt app for Twitter users to trade financial assets.
Twitter is a popular social media platform and just a week ago rebranded to X app, obviously faced criticism for this decision. In Q3 2023, Tesla CEO Elon Musk acquired Twitter for $44 billion and then confirmed that he will bring almost every kind of online service to the Twitter app. Binance crypto exchange was also one of the contributors, helped financially Musk to acquire Twitter, so it is obvious that X will also bring crypto focussed services under its umbrella but it will be a matter of time.
A latest report surfaced in the internet world that X is looking for a financial data company and aimed to create an asset trading platform within the X app.
Here the whole matter is still under a private domain but still leaks are showing that the X app is ready to enter the asset trading business as a broker.
On 3 August 2023, X owner Elon Musk confirmed that the X team brought several changes in the Twitter platform to touch the vision of X app, since he acquired Twitter.
On the same day, X brought a new feature for the verified X app users or say creators to allow the followers to download the video content if they want.
X & Crypto
In Jan of this year, the X team brought a new feature for the X app users to trace the price of any financial asset, including cryptocurrencies, directly on the platform, without visiting a third-party platform.
Recently a rumor surfaced in the crypto community that X devs are working on X coin or Twitter coin and they will use that token to pay the content creators. However, the rumor grabbed huge popularity but neither X team nor Musk talked about it.
Read also: CZ shared an incident in which Binance helps to save $20M (Scam Alert )
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