Elon Musk Gives Up, X/Twitter Swerves to Become a Tech Loan – 5 hours ago

Jakarta, CNBC Indonesia – In the midst of widespread disinformation spreading via X (formerly Twitter), Elon Musk is busy turning his platform into ‘superapps’. Recently, Musk announced that he was testing telephone and video calling features on the X.

Most recently, Musk also has the ambition to make X a financial service (fintech). According to leaked audio notes collected by TheVerge, Musk wants X to not only be able to carry out simple transactions such as money transfers.

More than that, Musk wants That way, X will replace the role of traditional banks.

“When I proposed payment, I meant accommodating all users’ financial needs,” Musk said in the audio notes, quoted from

AndroidHeadlinesMonday (30/10/2023).

X’s transition into financial services seems to continue the dream Musk built when he was still running X.com which then merged with Confinity and became PayPal.

Musk’s plan is quite ambitious, because X is currently known as a social media platform. However, experts see this transition as very possible. In China, WeChat, which previously acted as a short message service, has finally turned into a superapp that serves social media and accommodates online payments.

X CEO Linda Yaccarino is also optimistic about this transformation. According to him, there is huge business potential if X switches to financial services. Moreover, X’s current business performance is not very ‘hot’. Since being acquired by Musk, Twitter’s value has fallen by almost 66%. However, it should be noted that X still has big homework to do to get a license from local authorities.

“We want money on

[Gambas:Video CNBC]

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