Connect with us

Hi, what are you looking for?

News

Elon Musk’s ‘X’ Plans to Incorporate a Trading Hub within Its Platform

Image Source: Frederic Legrand - COMEO / Shutterstock

Twitter’s recent rebranding as ‘X’ aims to turn the platform into a ‘super app’. In line with this strategy, X is now seeking proposals from financial data giants to build a trading hub inside its application.

According to Semafor, a news website, X has approached various financial service providers to discuss features such as financial content and real-time stock data.

X has asked interested bidders to provide quotes indicating the amount of money they are willing to commit to the project. However, the names of these financial service providers have not been disclosed.

When asked about the project, Elon Musk, the owner of X Corp, claimed to be unaware of any work in this area. It is possible that Musk is being cautious in order to keep the company’s specific plans for the trading hub under wraps.

Musk has stated that he acquired Twitter as a means to accelerate the creation of X. He envisions X as a ‘super app’ that offers multiple services, making it a one-stop destination for various needs. WeChat serves as an example of a super app, providing instant messaging, social media, and mobile payment features to its users.

By introducing a trading hub, X would be taking its first steps towards becoming more than just a social media site and evolving into a comprehensive ‘super app’.

Image Source: Frederic Legrand – COMEO / Shutterstock

Advertisement. Scroll to continue reading.
AIAD

You May Also Like

News

Prime Minister Shehbaz Sharif has opted to postpone a decision on the proposed tax incentive package intended for the real estate sector, highlighting the...

News

Telenor Pakistan wrapped up 2024 with a total of 43.2 million subscriptions and reported service revenues of NOK 3.81 billion, marking an 8.8% growth...

News

NEW DELHI: India’s finance ministry has issued a guidance note to its employees, advising against the use of artificial intelligence (AI) tools like ChatGPT...

News

The ICT export remittances sector has been pivotal to Pakistan’s economic landscape, accounting for more than 10.5% of total exports in FY2023-24. The rapid...