Musk's promised universal platform "X" may launch financial services functions by the end of 24
A year ago, Musk compared Twitter to WeChat, and everyone thought he was just a commercial exchange; a year later, I didn't expect Musk to really change the name of Twitter to the more "omnipotent" X, and to launch a series of businesses including financial services on the platform.。
On October 30, according to media sources, last Thursday, coinciding with the first anniversary of Musk's acquisition of Twitter (the predecessor of Platform X), Platform X held an internal conference call.。At the meeting, Platform X CEO Elon Musk told all employees that Platform X's financial services are expected to go live by the end of 2024, and that people will be surprised by "how strong it is."。
In Musk's plan, all the money needs of users on the future X platform will be met on the platform。He said at the conference, "The needs I'm referring to here are not just payment, they actually cover the entire financial life of the user.。As long as it involves some aspect of money, you can find the corresponding function on our platform, "he continued," It's not just as simple as being able to send $20 to my friend on Platform X, I want to say that you don't even need a bank account。"
In fact, Musk's "transformation plan" for the X platform is not limited to this.。At the meeting, Musk said that in addition to the functions related to financial services, Musk will also introduce social features such as "recruitment" and "dating" on the X platform, and promised to expand the video features of the X platform to better integrate the video properties of the platform into the TV side.。
Musk's ambition is clear, he wants to quickly transform the X platform into a universal super app, somewhat similar to the Chinese WeChat app。
In his first meeting with Twitter employees last June, Musk compared Twitter to WeChat。Musk said: "You can think of Twitter as China's WeChat。WeChat is great, but there are no similar applications in China or abroad, and now we have the opportunity to create such applications, "he continued.。And I think if we achieve that through Twitter, or even come close to that, it will be successful.。"
This is true, in WeChat, users can not only communicate with friends in its basic interface, WeChat can also carry photo sharing, dynamic interaction and other functions to meet the user's desire to share - this is very similar to Twitter at the time.。However, in WeChat, users can also expand more application ecology through its "service function," including financial services and other functions, which Twitter does not involve in this field.。
In terms of volume, WeChat has more than 1 billion active users per month, and the use of the X platform is equally staggering.。According to statistics, users will post more than 500 million times a day on the X platform, and the number of daily displays will reach 100 billion.。Musk said he expects a "significant increase" in spending by creators and said the number of creators has increased tenfold.。
Interestingly, Musk seems confident that the X platform will launch these features by the end of 2024。He said in an interview that if the new features of the platform can not be successfully launched, he will be "shocked."。
On this point, Musk is not blindly confident。According to media sources, Musk has been instructing Platform X to deploy financial services since a long time ago, and has been trying to obtain licenses for deposit and remittance services in every state in the United States.。So far, Platform X has been successfully licensed in nine states, which is pretty fast.。
A year ago, Musk compared Twitter to WeChat, and everyone thought he was just a commercial exchange; a year later, I didn't expect Musk to really change the name of Twitter to the more "omnipotent" X, and to launch a series of businesses including financial services on the platform.。
You don't say, if all of Musk's 7788 business is installed on X, X really has WeChat inside.。
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