X Users to Seamlessly Trade Crypto and Stocks on Their Timeline

In an exciting development, Nikita Bier, the Head of Product at X, has revealed plans to introduce a groundbreaking feature known as Smart Cashtags. This innovative tool will empower users to engage in cryptocurrency and stock trading directly from their social media feed.

Smart Cashtags: A New Era of Trading

On February 14, Bier announced on the X platform that within a few weeks, users would gain access to a suite of new functionalities. The standout feature, Smart Cashtags, promises to revolutionize how users interact with financial markets, enabling them to conduct transactions seamlessly from their timeline.

Enhancing User Experience with Smart Cashtags

Preceding this official announcement, Bier had hinted at the introduction of Smart Cashtags in January. This feature builds upon the platform’s earlier Cashtag system, which allowed users to access financial data on major stocks and cryptocurrencies. The upcoming update will enhance this functionality, offering live price charts, related posts, and direct trading capabilities.

Tackling Challenges: Reducing Spam and Enhancing Security

In a conversation about third-party crypto applications, Bier addressed concerns regarding spam, raiding, and harassment on the platform. He emphasized his commitment to fostering a positive user experience, stating that any actions encouraging spam or harassment degrade the platform’s value.

Christopher Park, Director of X’s Developer Platform, echoed these sentiments, affirming that automation and spam through scraping and API will be flagged. The platform is taking a firm stance against bots and programs that manipulate engagement or facilitate spam.

X Launches Beta Testing for Cutting-Edge Payment Features

In another significant move, Bier clarified that X’s role is to provide financial data tools and links without handling trade execution or acting as a brokerage platform. This aligns with X’s broader vision to become an “everything app,” as envisioned by Elon Musk.

The platform is also gearing up to introduce X Money, a peer-to-peer payment feature. This innovative tool has successfully completed internal employee testing and is currently in beta testing, with a global rollout expected in the coming months.