Elon Musk says Twitter X will take over half of the global financial system

Twitter CEO Elon Musk intends to rebrand the social network’s iconic logo — the businessman plans to replace the blue bird with an X. The reorganization of the social media giant may also include the integration of payment systems around the world. In a recent interview, the billionaire hinted: «Users will be able to send and receive money through Twitter’s X.»

Musk is optimistic about X. The businessman predicts that payment integration on the platform can cover «half of the global financial system.» However, he emphasized that the success of the plan is possible only if «everything goes according to plan and is done correctly.»

The tech entrepreneur did not disclose any further details about Twitter payment systems, but noted that the social network could make a «new turn in the financial world.»

After acquiring the platform last October, Musk has been constantly making changes to Twitter — from his point of view, to improve the user experience. However, the businessman has already been involved in several high-profile scandals — from the price of a blue verification tick on the social network and the dismissal of the lion’s share of the team to the introduction of cryptocurrency payments.

Nevertheless, Twitter’s new CEO, Linda Yaccarino, recently wrote on her page that «X is just beginning.» Probably, the top manager hints that Musk will not limit himself to rebranding the logo.

«Over the years, fans and critics have pushed Twitter to dream bigger, innovate faster, and realize our great potential. X will do that and more. We’ve already started to see X take shape over the past 8 months with the rapid launch of new features. But we are just getting started,» said Iaccarino.