Elon Musk has been open about his plans to expand Twitter’s capabilities beyond being a social media platform. He envisions turning the company into an “everything app,” similar to popular super apps like China’s WeChat. These super apps serve as a one-stop-shop for various functions on your phone, including messaging, calling, appointments, games, and ordering food.

In August, it was reported that Twitter, now called X, was exploring the addition of a stock trading hub. This move aligns with Musk’s banking ambitions, which he started discussing shortly after acquiring Twitter. In November 2022, Musk reportedly met with Twitter employees to discuss his idea of implementing payment features, such as debit cards, instant money transfers, and even loans, according to The Verge.

Musk’s plans have attracted mixed reactions. Some people express concerns about trusting X and its owner with their financial information, while others point out the challenges of introducing a WeChat-like service in the U.S. and Europe due to existing laws and regulations.