One of Elon Musk's promises after acquiring Twitter, the financial hub feature, is starting to roll out. The X platform is now making it easier to track stocks and cryptocurrencies.
The first step in the efforts launched at the beginning of the year to transform the X platform into a financial environment where you can buy and sell stocks and cryptocurrencies has been completed. Users will now be able to track stocks and cryptocurrencies.
X Platform Becomes a Financial Hub
According to a post by X product chief Nikita Bier, the previously introduced smart Cashtag labels are being implemented. These tags identify stocks or cryptocurrencies that we search for or share posts about using the familiar '$' sign on the platform. We have actually been using these tags for a long time, but now they have become functional.
After a user performs a search or makes a post, information about the relevant stock or cryptocurrency is listed, and the user can select from it. After making a selection, a price chart and shared posts related to that asset are displayed. The same applies when you enter the contract address of cryptocurrencies. This feature has begun testing only within the borders of the US and Canada on the iOS application.
The next step for the X platform will be to integrate approved platforms where stocks and cryptocurrencies can be bought and sold into the application. X will not facilitate buying or selling in any way, and users will be directed to these approved platforms by clicking on Cashtag labels. Integration efforts have already begun with the Canadian brokerage firm Wealth Simple.
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