Shulou(Shulou.com)11/24 Report--

CTOnews.com, October 27 (Xinhua)-- billionaire Elon Musk announced in a conference call with all employees on Thursday local time that the X platform (formerly Twitter) will launch financial services at the end of 2024, according to foreign media The Verge. Musk said: "you don't need a bank account."... I would be surprised if we hadn't launched this service by the end of next year! "

Company X is currently trying to obtain a nationwide remittance license to provide financial services, the report said. Musk told employees over the phone that he hoped to get other licenses needed by X within "the next few months."

Musk has discussed plans to turn X into a "financial center". According to him, the platform will provide high-yielding money market accounts, debit cards, checks and loans. the aim is to allow users to remit money to anywhere in the world in real time. And this time, Musk said:

When I say pay, I'm actually referring to someone's entire financial life. If (something or something) is about money, then it will appear on our platform, whether it's money, securities, or anything else. What I need to say is that you don't need a bank account.

The move marks a step forward in Musk's ultimate goal of creating a "super App". According to previous reports from CTOnews.com, Musk is considering turning social media platform Twitter into a super app like Wechat after buying Twitter.

In August this year, the X platform CEO Linda Yakrino predicted that the X platform will launch audio and video calling function. She added, "Musk does believe in vertical integration, and Twitter will be a great example of vertical integration."

Musk talked about his love of the Wechat model in a podcast as early as the first half of last year: "it's kind of like a combination of Twitter, PayPal and a lot of other things, bringing them together with a great interface."it's a really great app. We don't have a similar product outside China."

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