News

Elon Musk’s ‘X’ is Planning to Add a Trading Hub Inside its Platform

As per latest news reports, X has reached out to financial data giants, asking them to send proposals for building a trading hub inside the app

After just about a week of fully rebranding Twitter into X, in attempts of converting the platform into a ‘super app’, the company is reaching out to financial data giants, asking proposals to build a trading hub inside the application.

Semafor, a news website, reported X’s request plans being sent out to financial service providers for a number of different features such as financial content, real-time stock data etc.

X asked all interest bidders to quote exactly how much money they would be willing to commit towards the project.’

However, the names of financial service providers on X’s list are still not revealed.

X Corp owner, Elon Musk, when asked about the project said that he is unaware of any work in this area, which could be an attempt to not reveal the company’s exact plans with the trading hub that’s being planned.

According to Musk, he bought Twitter as an “accelerant to creating X”, which as he stated will be a ‘super app’, with multiple services, making it a go-to place for almost everything. Examples of super apps include WeChat, which offers instant messaging, social media, and even mobile payment to its users.

Planning to offer a trading hub for its users, X would take its first steps towards becoming a ‘super app’, transforming into something more than just a social media site.

 

Read more:

Sponsored
Abdullah Shahid

Leave a Comment
Share
Published by
Abdullah Shahid

Recent Posts

Pakistani Passport Continues to Rank Among the Worst in the World

According to the most recent Henley Passport Index, Pakistan's passport is still one of the…

16 hours ago

November 9 Approaches: Will Iqbal Day Be a Public Holiday This Year?

As Iqbal Day approaches on November 9, Pakistan prepares to honor Allama Iqbal, the celebrated…

17 hours ago

Most Wanted Human Trafficker Taken Into Custody

GUJRAT: According to the Gujrat circle of the Federal Investigation Agency (FIA), they have arrested…

18 hours ago

Air Sial Starts Weekly Flights from Islamabad to Riyadh

Air Sial, one of Pakistan's leading private airlines, has officially launched its weekly flights from…

18 hours ago

Important Update on Profit Rates for Savings Schemes 

On Friday, the government stated that from November 4th, 2024, profit rates on National Savings…

20 hours ago

Pakistan to Legalize Bitcoin and Cryptocurrency Through SBP Act Amendments?

The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act aimed…

20 hours ago