X, the social platform owned by Elon Musk, has detailed its “Smart Cashtags” feature, which will allow users to trade crypto and stocks directly within the app’s timeline. Head of Product Nikita Bier clarified that X will not function as a broker or handle trade execution, only providing financial data tools. This update comes as Musk confirmed the “X Money” payment service is undergoing internal beta testing ahead of a potential launch.
The head of product at X, Nikita Bier, has clarified the operational scope of the platform’s upcoming “Smart Cashtags” feature. Bier stated that “X is not handling trade execution or acting as a brokerage” for the service.
He explained the company is solely building financial data tools and links for users. The feature is designed to let users specify ticker symbols down to specific smart contracts, reducing ambiguity in crypto discussions.
Bier noted the rollout is expected within weeks, enabling trading directly from the app. It will compile prices, charts, and related posts into dedicated pages for each asset.
Elon Musk recently signaled that the broader “X Money” payments system is in an internal beta phase. He described the planned service as intended to be the central source for all monetary transactions on the platform.
The company’s subsidiary, X Payments, has obtained numerous money transmitter licenses across the United States. However, some New York lawmakers have called for its application to be denied.
The company has not indicated the payments product will utilize cryptocurrency. A prior description from former leadership suggested a partnership with Visa for peer-to-peer payments using debit cards.
