X’s New Cashtags Feature Surpasses $1 Billion in Trading Volume Within Two Days
According to Cointelegraph, X’s newly launched Cashtags feature—introduced this Tuesday—has generated approximately $1 billion in trading volume within two days. The feature allows users to select specific assets or contract addresses when posting; clicking the tag displays real-time price charts and related posts. Currently, Cashtags is available exclusively to iPhone users in the U.S. and Canada. Canadian online brokerage Wealthsimple has already integrated the feature, enabling users to jump directly to its trading platform; however, no U.S.-based brokerages have yet connected.
Additionally, X’s peer-to-peer payment system, X Money, is also under development and plans to offer features including interest-bearing accounts and cashback debit cards. X Money has already secured money transmission licenses in over 40 U.S. states. These initiatives form part of Elon Musk’s strategic vision to transform X into a “super app.”