Yesterday's announcement for X Money and "cashtags" I thought wasn't a big deal. If it is able to do what it says such as:


- Fiat wallet with 6% APY
- Debit card with 3% cashback
- P2P payments w/ direct deposit.
- FDIC-insured through Cross River Bank (same bank as Coinbase and Stripe.)
- Brokerage routing via Wealthsimple (already happening for Canadians)
Then that is great. Personally, I'll still keep my USAA bank and continue to use CashApp to buy Bitcoin on a recurring DCA basis and then move it to my Tangem wallet.
This could be great for users across the globe as X has almost 600M monthly users. But my question is will this really move the needle for Bitcoin & crypto?
I suppose yes as it will give more access to people globaly. Also, if there is a tokenization of stocks, assets, treasuries, which would allow for 24/7 365 trading, then yes. (I believe this will be done on the Solana chain given the head of products ties to the chain).
This sounds great but there is a WIDE gap between that reality and our current reality. It's a step in the right direction but forgive me if I don't shout this from the roof tops as how amazing it is. We're only in the first inning and a lot can go wrong/right in the upcoming time frame.
Wealthsimple -
BTC0,69%
SOL1,19%
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