July 26, 2023: Musk shouted "X" to conquer half of the global financial world
Elon Musk showed his ambition in a reply to a tweet on July 25, saying that his new startup "X Corp" has acquired Twitter. He also predicted that in the next few months, the new version of Twitter "#X " will allow us to see "the whole picture of the financial universe."
What exactly does "X" have with the financial world?
If you are confused about the relationship between They hit it off and merged to become a well-known online payment service provider #Paypal .
So actually, you can say that X.com is the father and mother of PayPal.
If you understand this, then it’s not surprising that Musk said that he wants to put the payment function into “the new generation of Twitter “X””.
Musk and his team are busy in various states in the United States, working hard to apply for payment licenses and prepare for the introduction of payment functions in "X". According to Musk's ambitions, the payment and financial services "X" will include peer-to-peer transactions, savings accounts, and debit cards.
The states that are currently flourishing with licenses are Arizona, Michigan, Missouri, and New Hampshire.
Although each state has different names and rights for money transfer services licenses (Money Transmitter License), generally speaking, they allow businesses to process customer transactions through PayPal and other non-bank services.
“Dogecoin have something to do with X?”
As Musk's biological son, I guess Dogecoin will eventually join the "X" universe. On Musk's new personal page, we can also see that "𝕏Ð" is written in the address field, and 𝕏 represents new recommendations. Specifically, the word "Ð" is the LOGO of Dogecoin. This is very fascinating. Will Elon consider incorporating Dogecoin into X’s payment system?
If so, it may be a direct payment or transfer, allowing users to use Dogecoin directly on X for transactions or payments. Going a little deeper, maybe they will create a dedicated savings or investment product just for people who hold and use Dogecoin. The most important thing is that if Dogecoin can really be added to