Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a peer-to-peer payments competitor to PayPal’s Venmo, Block’s Cash App and bank-owned Zelle.

Elon Musk is getting one step closer to making his X the “everything app” — by getting into personal finance. The social media platform formerly known as Twitter had already expanded beyond its initial scope when Musk first purchased it more than two years ago.

The social media platform is trying to become an ‘everything app,’ starting with a payments feature, but at least it’s not all about Musk’s favorite digital currency. In an effort to monetize the social media platform,