Elon Musk Teases X’s New Financial Feature

Recently the Elon Musk name has come on the internet and it has been trending on social media platforms. Elon Musk is one of the well-known CEOs of Tesla Motors. On Thursday Musk gave a clue that X will bring financial services management features and will be available by the end of 2024. Since the news came on the internet it went viral on social media platforms. Many people are stunned and now super curious to know about the whole information about it. In this article we will try to give complete information about the news, so let’s continue the article.

Elon Musk

According to the report, in a recent statement to employees, Elon Musk said his anticipation of getting the remaining licenses that X requires within the next few months, further increasing the firm’s plans in the financial sector. Meantime, the firm is concentrated on securing money transmission support across the United States as part of its efforts to provide financial services. Currently, this news has been making headlines on social media platforms as people want to know the complete information about it. Scroll down to the next page for more information about the news.

Reportedly, Musk stated In an all-hands call with X workers, “When I speak about pay, I mean somebody’s entire financial life,”. If it involves money. It will be on our platform. Money or guarantees or whatever. So it has been not just like sending $20 to my buddy. I have been talking about, like, you won’t need a bank account.”Moreover, Musk has previous experience in the financial technology sector, as he was a company founder and is now recognized as PayPal Holdings Inc. You are on the right page for more information about the news, so please read the complete article.

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As far as we know, Musk stated “The X/PayPal creation was written by myself and David Sacks actually in July of 2000,”. He also added, that for the few causes of PayPal, once it became eBay, not only did they not implement the rest of the list, but they moved back a bunch of key features, which is crazy. So PayPal is a less comprehensive product than what we came up with 23 years ago in July 2000.” In the last year, when Elon Musk received the social media platform, he utilized Twitter to share his vision. Here we have shared all the information that we had. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.