2024-05-01 21:41:15
According to information shared by the same social network Xthe owner of it, Elon Musk, plans to turn it into a bank account allowing users to have the option to share money with each other, as well as buy products from stores and earn interest with the housed money in your accounts.
The project was shared by the Head of Payment Information Security at X, Christopher Stanley, pointing out that in addition to having the possibility of giving ‘bribes’, will activate a ‘safe’ to store and send money to any user of the social network.
“As things evolve, you can earn interest, buy products, eventually use it to buy things in stores,” Stanley stated.
He adds that the objective of converting X into a leaving account is to create a financial ecosystem completely functional, as well as pointing out that: “If you ever have any incentive to take money out of our system, then we have failed, “You should never need to withdraw money because you should be able to do anything you need on our platform.”
The announcement came days after X received a money transmitter license from the state of Tennessee last April 19.
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2024-05-01 21:41:15