Overview
- Nikita Bier, X’s head of product, said reports of crypto and stock trading inside the app are wrong and that X is building financial data tools with links, not trade execution.
- Bier added that a crypto license for X Money was not obtained, underscoring that X is not handling custody or acting as a brokerage.
- Earlier posts and reports touted Smart Cashtags as enabling buy and sell actions in a matter of weeks, but the company’s latest statement reframes them as real-time charts and informational gateways.
- X Money remains in internal testing with a limited external beta expected in roughly 30–60 days, and reporting says X holds money-transmitter licenses in 40+ states with New York still a hurdle.
- To protect platform integrity, X plans API rule changes to block apps that create non-consensual fee pools and other incentive-driven spam targeting crypto conversations.