ELON Musk has plans for social media users to manage their financial worlds on X as he works towards developing a super app.
In a new post on X, formerly known as Twitter, the billionaire shared some updates on the platform’s road to becoming an “everything app.”
“Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the everything app,” Musk wrote.
“This is not simply a company renaming itself, but doing the same thing.”
The Tesla CEO said that the Twitter name made sense when it was just 140-character messages going back and forth.
But now that users can share different and longer types of content, it didn’t fit anymore.
Musk also revealed that in the coming months, “we will add comprehensive communications and the ability to conduct your entire financial world.”
In the past, Musk has shared that X will be a “global marketplace for ideas, goods, services, and opportunities.”
He has also suggested that it could include features like online shopping, e-banking, and payments – similar to China’s WeChat.
WeChat lets users access tools like audio and video chat, SMS text, WeChat Pay, and even a translator.
It’s the first concept of a “super” or “everything” app that the world has known, and since then several innovators have tried to replicate such a platform – the latest being Musk.
The SpaceX CEO first revealed plans to build an everything app last year, while still early in the Twitter acquisition process.
In Musk’s first town hall meeting with Twitter employees, he directly alluded to WeChat, Forbes reported.
“There’s no WeChat equivalent out of China,” he said at the meeting. “There’s a real opportunity to create that.”
Musk also noted that creating something like WeChat could help him reach his goal of quintupling Twitter’s user base to one billion.
In an attempt to rebrand Twitter to fit this goal, Musk recently changed the company’s name and logo.
Comprising just a simple white X on a black background, Musk revealed the logo on Sunday morning.
