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The social network X, owned by Elon Musk, has announced the introduction of a new feature called “cash tags.” This functionality enables users to view information and trade cryptocurrencies and stocks by ticker directly from their tweet feed, as stated by Nikita Bier, the head of product at the former Twitter.
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The new feature allows users to select a specific asset or smart contract address when posting a ticker. By clicking on the tag, real-time price charts and related posts are displayed. Initially, “cash tags” are available exclusively to iPhone users in the United States and Canada.
In Canada, users can already execute trades with stocks and cryptocurrencies due to a partnership with the online broker Wealthsimple. However, this functionality is not yet available for users in the United States. The development is part of a strategy to transform X into a comprehensive financial platform, as announced by a senior executive.
“Cash tags are the first step in our ambition to become the premier destination for the financial and crypto community. This is just a small preview of what is to come,” Bier stated.
The head of product promised that the functionality would soon be available on the web version and Android devices, after which the service will gradually expand to other countries.
Previously, Nikita Bier mentioned that X has removed cryptocurrencies and several financial products from its list of prohibited advertising categories.
