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Reports indicate that "X" will launch digital financial services next year and is preparing to clean up and auction inactive accounts.
However, there are no specific process details yet.

Author: Mash Yang
2023-11-06
in App, Market dynamics, Life, network, software
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The Verge website said that it has recently obtained "X"Recordings of internal meeting discussions, which revealed that "X" will launch financial-related services as early as 2024.

Reports indicate that "X" will launch digital financial services next year and is preparing to clean up and auction inactive accounts.

Elon Musk had long ago stated that he would add financial services such as digital wallets to "X" (then still Twitter), and he did not hesitate to refer to WeChat's approach, hoping to make "X" a "universal app" that can be used in daily life.

Elon Musk stated in an internal meeting that this service not only provides online transfers but also helps users manage their spending details, even touting it as a potential replacement for existing bank accounts. Furthermore, X CEO Linda Caggialino stated that launching financial services in 2024 would drive further growth, suggesting that X may launch its digital wallet app next year.

In addition, "X" may alsoPrepare to clean upInactive accounts may even be reclaimed for accounts that were previously registered under a specific name but are no longer frequently used. These accounts may be auctioned off at varying prices, or restored for a higher price. For example, after National Public Radio (NPR) announced it would withdraw its social media promotional activities from the now-owned "X" account, Elon Musk stated that it would reopen the "X" account to public users.

Currently, "X" will be responsible for handling inactive accounts through a working group called @Handle Team, but it is still unclear whether "X" will forcibly handle accounts that have occupied specific names for a long time but are not used frequently.

In the usage policy adjusted this year, "X" will require users to log in to the service at least once every 30 days to maintain active usage of the account. If there is no login for too long, the account may face deactivation or permanent deletion.

Tags: Elon MuskTwitterXaccount name
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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