• X (previously Twitter) plans to launch “Sensible Cashtags,” permitting customers to commerce shares and cryptocurrencies straight throughout the app by way of interactive ticker symbols in posts.
  • The platform can be rolling out an exterior beta for X Cash, an in-house funds product, throughout the subsequent one to 2 months as a part of Elon Musk’s “all the things app” imaginative and prescient.
  • Musk continues to combine crypto into his enterprise ecosystem, noting that Tesla and SpaceX nonetheless maintain important Bitcoin and will increase the usage of Dogecoin for merchandise and area missions.

X, Elon Musk’s social media platform, plans to let customers commerce shares and cryptocurrencies straight from posts, increasing its push into monetary companies.

Nikita Bier, X’s head of product, mentioned the rollout will embrace “Sensible Cashtags,” a function designed to make ticker symbols in posts interactive and permit customers to position trades from throughout the app.

I genuinely need crypto to proliferate on X, however purposes that create incentives to spam, raid, and harass random customers is just not the way in which. It meaningfully degrades the expertise for hundreds of thousands of individuals — solely to complement a couple of individuals. And sure, we’re launching quite a few options in a pair weeks, together with Sensible Cashtags that can allow you to commerce shares and crypto straight from timeline.

Nikita Bier, X Head of Product.

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Gearing Up For X Cash

The deliberate buying and selling instruments come as X prepares to launch an exterior beta of X Cash, its in-house funds product. Musk mentioned X Cash is already being examined internally and can be launched to a restricted group of customers inside one to 2 months. 

Musk has framed the funds and investing options as steps towards turning X into an “all the things app,” the place customers can talk, publish, switch cash and handle investments with out leaving the platform.

Musk’s different firms have prior ties to crypto markets. Tesla holds 11,509 Bitcoin, down from 42,300 purchased in early 2021, whereas SpaceX holds about 8,285 BTC. Musk has additionally repeatedly promoted Dogecoin (DOGE), crypto’s hottest memecoin, by stating it could quickly “go to the moon”.

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