Elon Musk wants X to manage users' "entire financial life" so that they "won't need a bank account" by the end of next year.
In brief:
-Musk has long boasted about his plans to move X (formerly Twitter) beyond its microblogging beginnings into an app that does everything, including an array of financial services.
-Twitter has previously nibbled around the edges of financial services, adding a tipping feature for users to reward creators on the platform and enabling people to charge subscription fees for exclusive content, like newsletters.
-Musk is determined to go further, fulfilling his vison for the original X.com, which he founded a quarter of a century ago.
What does this mean?
"The X/PayPal product roadmap was written by myself and David Sacks actually in July of 2000,” Musk said on this week's call.
