X’s head of product, Nikita Bier, confirmed that the social app will launch Smart Cashtags in the coming weeks, enabling users to trade stocks and cryptocurrencies directly from their timelines as the Elon Musk-owned company.
There have long been speculations of Dogecoin playing a key role on X, given Musk’s long-standing affection for the token. With the upcoming X launch, some may be pondering: Will the original meme coin be featured?
According to Nikita Bier, the new features are set to introduce Smart Cashtags, enabling users to engage with ticker symbols directly within posts and place trades through the app.
Bier also outlined additional forthcoming measures aimed at curbing applications that generate spam content or promote coordinated harassment and raids, continuing a pattern of policy announcements that have occasionally sparked backlash from crypto traders on the platform.
“I genuinely want crypto to proliferate on X, but applications that create incentives to spam, raid, and harass random users are not the way,” Bier stated in a post on X. “And yes, we are launching a number of features in a couple weeks, including Smart Cashtags that will enable you to trade stocks and crypto directly from timeline.”
Bier later clarified that the platform would not facilitate trade execution or operate as a brokerage, stating that its role would be limited to developing financial data tools and related links.
The update coincides with X’s plans to roll out an external beta of X Money, its proprietary payments platform. Elon Musk said at an xAI presentation earlier this month that the system is currently undergoing internal testing and is expected to be released to a select group of users within the next one to two months.
The initiative aligns with Musk’s broader objective of transforming X into a multifunctional platform, allowing users to communicate, publish content, transfer funds, and manage investments within a single ecosystem.
Companies associated with Musk have maintained exposure to cryptocurrencies. Tesla currently holds 11,509 Bitcoin on its balance sheet, reduced from its initial purchase of 42,300 BTC in early 2021. Meanwhile, SpaceX is reported to control approximately 8,285 BTC.
Over the years, Musk has also shown support for the leading canine-themed meme coin Dogecoin. In 2022, he announced that SpaceX would accept DOGE payments for select merch, mirroring a similar initiative previously introduced by Tesla. More recently, the eccentric billionaire suggested he may send DOGE “to the moon” as early as 2027.
Source: https://zycrypto.com/dogecoin-moon-time-elon-musks-x-preps-to-roll-out-crypto-and-stock-trading-in-couple-weeks/
