Since Elon Musk bought Twitter and rebranded it to X, the 52-year-old has perpetually been at the centre of the news cycle for his various business decisions.
From removing the verified feature to banning the term “cisgender” on the platform, he’s been an interesting owner of the social media platform.
Musk has previously stated his desire to have X become an “everything app”, but what does this mean? And where does cryptocurrency fit into this plan?
X payments chief information security officer, Christopher Stanley, recently wrote on the platform: “The end goal is if you ever have any incentive to take money out of our system, then we have failed, you shouldn’t ever need to take money out because you should be able to do anything you need on our platform.”
Stanley made the post after X acquired money-transmitter licenses in some US states, allowing the app to facilitate US dollar and crypto payments.
“Think Venmo at first,” Stanley…
