X Will Launch 'Smart Cashtags' for Cryptocurrency and Stocks Next Month

Elon Musk’s social media platform is developing a “Smart Cashtags” feature scheduled to launch next month, allowing users to track cryptocurrency and stock price movements in real-time. One of the idea screenshots also revealed a much-anticipated in-app trading feature. In a post on X on Sunday, product lead Nikita Bier stated that users will be able to access smart contract information linked to cryptocurrency tokens, while all assets will have “mentions” showing recent discussions about the assets and news related to the companies and teams behind them. “X is the best source of financial news – and hundreds of billions of dollars are invested based on what people read here,” Bier said, adding that X is aiming to gather feedback before officially launching this feature in February. Financial integration into X is part of Elon Musk’s vision to turn this social media platform into a versatile app since he acquired it in October 2022. X’s second attempt at the Cashtags section In December 2022, X introduced the Cashtags feature, displaying price charts of Bitcoin ( BTC ) and Ether ( ETH ), as well as top stocks and ETFs. However, that feature was later removed. These charts are sourced from TradingView and include a “View on Robinhood” link. The “Smart Money Card” feature is planned to add more functionalities, with an illustration showing “Buy” and “Sell” buttons, although there is no information yet on how it will work or when this feature will be rolled out. Meanwhile, X has obtained money transfer licenses in at least 25 US states, but it remains unclear how close this social media platform is to enabling payments, including cryptocurrency payments. Cointelegraph reached out to X for comment but has not received an immediate response. Rumors suggest X is deliberately suppressing cryptocurrency content This occurred about a day after the cryptocurrency community accused the platform of blocking legitimate crypto content while allowing a large amount of spam to flood news feeds. Bier responded to these criticisms in a post on X (which has now been deleted), calling the accusations false. Musk stated that his team plans to publicly release the source code of X’s proposed algorithm within the next week.