X can save money, open a bank account
Billionaire Elon Musk is thinking of starting a bank on social media platform X (Twitter's new name). He indicated this in a meeting with X chief executive Linda Yakarina last Thursday.
Billionaire Elon Musk is making a series of changes after buying Twitter. Now you have to pay money if you run Twitter. Even the name has changed. Musk talked about arranging all the services on Twitter in such a way.
Now the plan to add a bank to it has been announced. X has already initiated legal proceedings. If all goes well, the bank will be operational by the end of 2024 itself. After that users can deposit money there.
According to a report by Vargas, a technology-based media outlet, economic activities will continue in X. Social media WeChat is also operating in this way in China. X may now have lifetime running costs paid up front. It will not be surprising if such a rule comes.
However, Musk said that all activities can be carried out like a bank account. He said, "If you want to send money to someone, you can also send it from this account."
