- X management reported $1 billion in trading volume in the cashtags pilot project shortly after its launch.
- The Cashtags feature fits into Musk’s broader plans to turn the social network into a super app.
On words According to Nikita Bira, head of product development at X, since the launch of the Cashtags pilot project on April 14, trading volume on the X platform has reached a staggering $1 billion.
This feature allows users to search for hashtags or contract addresses, instantly linking them to relevant stocks and cryptocurrencies.
Ideally, Cashtags integrates stock and crypto market information directly into the news feeds of iPhone users in the US and Canada. Cashtags allows users to tap on symbols like $BTC, $ETH, or $AAPL to instantly access real-time price charts, related publications, and market discussions.
This feature is designed to bridge the gap between monitoring and trading. Users no longer need to switch between apps—financial data is embedded directly into posts and discussions.
The development is in line with Elon Musk’s plan to turn X into a super app.
Cashtags is just the first step towards becoming the best platform for the financial and crypto community, объявил Nikita Bier after the launch of the function.
Last month, Musk объявилThe peer-to-peer transfer wallet X Money will begin public testing in April. It’s not yet known whether X Money will support cryptocurrency transactions, but it seems like a logical step.
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