Elon Musk may now be best known as the owner of X, CEO of Tesla and even SpaceX, but his name first became known as a tech mogul when he and a group of other individuals developed X.com, before it was known as PayPal.
In fact, it is not surprising when the social media platform X, previously known as Twitter, is expected to come up with a number of financial and banking services similar to PayPal's digital payment platform.
In a meeting involving all the company's employees, Elon Musk has moderated his plan to make X a super app, and one of the features he wants to introduce is banking and financial functions.
Previously it was also reported that X will introduce a number of financial and banking functions to this application in the future, and through the meeting, Elon Musk said that he would be very surprised if the feature is not introduced to all X users by the end of next year.
In fact, Elon Musk's challenge to all the employees of X is that with the financial features offered to X, they no longer need to have another bank account, because it will be a financial hub that also consists of an investment platform, money savings and financial loans.
This is not a new idea from Elon Musk. X is now seen to be seeking permission to develop end-to-end remittance functionality across the United States, where it is expected to then seek approval for a banking license.