Nikita Bier, the head of product at X, has announced that the platform will introduce in-app trading in the coming weeks. This new feature, known as Smart Cashtags, will enable users to trade stocks and cryptocurrencies directly from their timelines. Bier shared this update via a post on X, hinting at the imminent arrival of these capabilities.
The buzz around Smart Cashtags began back in January when an image was released teasing the potential for in-app trading, although no official confirmation was provided at that time. The anticipation has been building ever since, as users look forward to the enhanced trading experience within the social media platform.
Previously, X had implemented a basic Cashtag system in 2022, which allowed users to track the prices of significant stocks and cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). However, this feature was eventually discontinued. The new Smart Cashtags aim to revive and expand upon this concept, offering a more integrated trading solution.
Despite attempts to reach out to X for more details about the upcoming feature, no response was received by the time of this article's publication. The introduction of in-app trading aligns with owner Elon Musk's vision of transforming X into an "everything app," similar to China's WeChat, which combines messaging and social media with payment features.
In a related development, Musk also provided insights into the timeline for X Money, the platform's upcoming payments feature. During a presentation at his AI company xAI, Musk revealed that X Money is in a limited beta testing phase, with plans for a global launch after the testing concludes. The feature aims to facilitate user-to-user transactions, similar to services like Venmo or Cash App.
With about 600 million average monthly users, X continues to expand its capabilities, moving closer to Musk's goal of making it the central hub for all financial transactions. "We want it to be such that if you wanted to, you could live your life on the X app," Musk stated, underscoring the platform's ambitious trajectory.