Elon Musk says X payments will eliminate need for bank account by end of 2024 (2024)

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Elon Musk says X payments will eliminate need for bank account by end of 2024? ›

Elon Musk wants X to be the center of your financial world, handling anything in your life that deals with money. He expects those features to launch by the end of 2024, he told X employees during an all-hands call on Thursday, saying that people will be surprised with “just how powerful it is.”

Elon Musk is planning to charge new X users a small fee to enable posting on the social network and to curb the bot problem. In reply to an X account that posted about changes on X's website, Musk said charging a small fee to new accounts was the “only way” to stop the “onslaught of bots.”

So far in 2024, there have been over 59 billion searches on X around the world – Back in 2016, Twitter was reportedly facilitating 2.1 billion searches per day, and given that 77 days have passed in 2024, that would mean that X is seeing far less search activity than it had been.

Elon Musk plans to roll out financial services on X by 2024. Elon Musk, who owns X (formerly Twitter), gave a hint on Thursday that the platform will bring features of managing financial services and will be available by the end of 2024.

X-Payments is a headless payments API aggregator that allows access to ready-made integrations with various payment providers and systems, fraud screening apps and other integrations and features through a single API.

Currently, Musk's compensation package is approximately $47 billion, primarily due to the falling share price. However, it was earlier around $56 billion before the court ruling. Tesla's chairman further said that votes by company's investors should be more important than on e judge's opinion.

Elon Musk founded SpaceX in 2002, investing $100 million he made from the sale of PayPal. The company nearly failed before receiving a $1.5 billion NASA contract in 2008. Musk wants to colonize Mars and put a million people on the red planet by 2050.

What makes up Musk's net worth. Musk lacks significant tranches of cash; his money is largely tied up in ownership stakes of his companies. To buy Twitter in 2022, he leveraged his large share in Tesla and solicited investors, rather than relying on liquid sums.

He is one of the wealthiest people in the world, with an estimated net worth of US$191 billion as of April 2024, according to the Bloomberg Billionaires Index, and $182.6 billion according to Forbes, primarily from his ownership stakes in Tesla and SpaceX.

Elon Musk Net Worth Current Updates

Musk's net worth peaked in November 2021 at $340 billion. Elon Musk's net worth today is estimated to be $173 billion, a staggering loss of over $200 billion. According to Bloomberg, Musk is the first billionaire to ever lose $200 billion in worth.

How many followers on Twitter to get paid? ›

Maintain at least 500 active followers or more. Have posted posts in the past 30 days.

He says it's the 'best that currently exists'. Prepare for another AI to be unleashed upon the world. Elon Musk's artificial intelligence project, xAI, is launching its first product on Saturday.

Elon Musk is a visionary entrepreneur known for founding and leading companies like Tesla and SpaceX. His goal is to advance technology and sustainability, with a focus on electric vehicles, renewable energy, and space exploration. Originally Answered: Who is Elon mask?

When Elon Musk created his artificial-intelligence startup xAI last year, he said its researchers would work on existential problems like understanding the nature of the universe.

Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover.