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X Plans to Replace Banks by 2024

X Replace Banks by 2024

Elon Musk has an exciting vision for X! What is it? Well to become your one-stop destination for all things financial, and basically just managing every aspect of your money-related life.

He’s aiming to roll out these impressive features by the end of 2024, and he believes they’ll be remarkably powerful.

X’s CEO, Linda Yaccarino, sees 2024 as a prime opportunity for this transformation and is making it a reality by the end of the following year.

The company is actively working to secure the necessary licenses for money transmission across the United States, a critical step in offering financial services. Musk is hopeful that these licenses will be obtained in the next few months.

Transforming X into a comprehensive financial services hub aligns with Musk’s broader goal of turning the platform into an “everything app,” similar to super apps like WeChat in China, providing access to shopping, transportation, and more.

YOU MIGHT WANT TO READ: New to X? Annual Subscription Fees Now Apply in the Philippines

What do you think about Elon Musk’s ambitious plan for X to be the financial powerhouse by 2024? Let us know your thoughts!

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