Nikita Bier, the head of product at X, has announced the platform’s second financial tool, Cashtags, after X Money. The tool will cater to a multitude of traditional and cryptocurrency traders and investors who move billions based on the information obtained from the platform.
The feature comes just hours after Bier teased it, saying crypto has had a “rough year” and that X meant to “fix it.”
Bier now illustrates how users can match their searches to relevant stocks or cryptocurrencies and execute trades instantly. For example, after searching for “Bitcoin,” Cashtags would present its real-time price movement chart, alongside relevant X posts on the coin.
Notably, X will initially launch Cashtags for iPhone users in the US and Canada. Cashtags for Canadians integrates Wealthsimple’s brokerage services, which are accessed via a button or by tapping on a ticker.
The product leader adds that users should expect global expansion and support for different devices “very soon.”
Bier concludes by noting that Cashtags is only the beginning and that X aims to be the best destination for both the crypto and TradFi communities.
Upon rebranding Twitter as X, owner Elon Musk voiced his ambition to make the platform an “everything app” that integrates social networking with a comprehensive financial system.
In line with this, X is now performing early public access for X Money – a money transmitting service developed in partnership with Visa.
Community reaction was majorly positive, with inquiries about the debut timeline in other countries, while other users posted successful trials. Former Home Timeline Manager Paul Katsen suggested adding a wide range of live events with their own dock, including sports, news, and shows.
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