The Great Experiment: What's Behind Elon Musk's Foray into Banking? Elon Musk has launched X Money, a fund transfer feature paired with an X branded Visa debit card, marking his latest foray into the financial sector.
This move comes as the tech industry continues to blur lines between social media, finance, and entertainment. Musk is attempting to disrupt traditional banking by leveraging social media's familiarity and reach.
The rise of fintech has left many banks struggling to adapt to changing consumer habits and technological advancements.