Twitter’s rebranding to X has been officially announced, and CEO Linda Yaccarino has provided some intriguing insights into what this transformation may entail for the company. In a memo shared by CNBC, Yaccarino indicated that payments and banking functionalities could play a significant role in Elon Musk’s new vision for Twitter.
Yaccarino expressed, “Our usage has reached an all-time high, and we are committed to continuously delighting our entire community with fresh audio, video, messaging, payments, and banking experiences. Our goal is to create a global marketplace that fosters the exchange of ideas, goods, services, and opportunities.”
There have been long-standing rumors about Musk’s interest in incorporating banking features into Twitter. In January, the Financial Times reported that Musk intended to offer fintech services, such as peer-to-peer transactions, savings accounts, debit cards, and enhanced tipping and shopping capabilities. It was disclosed that the necessary regulatory paperwork had been pursued by Twitter to make these features available in the United States, but an executive overseeing the project left the company in February.
Yaccarino’s memo implies that those plans might be resurrected, although specific details are yet to be revealed. Musk has previously expressed his aspiration to transform Twitter into a platform similar to WeChat in China, where the messaging app is an integral part of users’ daily lives.
Overall, Yaccarino’s memo is somewhat vague, emphasizing X’s objective to “further revolutionize the global town square.” She highlighted recent updates related to audio and video content, emphasizing Twitter’s commitment to swift and innovative progress. Yaccarino concluded, “With X, we cater to our entire user and customer community by relentlessly safeguarding free expression and choice, fostering boundless interactivity, and facilitating the economic prosperity of all participants within our marketplace.”
Note: All product recommendations made by Engadget are independently chosen by our editorial team and do not have any influence from our parent company. Some of our articles contain affiliate links. If you purchase something through these links, we may earn an affiliate commission. All prices mentioned are accurate at the time of publication.
Denial of responsibility! TechCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Alex Smith is a writer and editor with over 10 years of experience. He has written extensively on a variety of topics, including technology, business, and personal finance. His work has been published in a number of magazines and newspapers, and he is also the author of two books. Alex is passionate about helping people learn and grow, and he believes that writing is a powerful tool for communication and understanding.
