Musk's Plan for 'X Money' Takes Shape as He Targets Consumer Financial Watchdog
2025-02-12
The New York Times
Elon Musk's ambitious vision for 'X Money' is gaining momentum as he takes aim at the Consumer Financial Protection Bureau. Former officials claim that Musk's efforts to weaken the agency are driven by his own payment business aspirations, which could have significant implications for the financial industry. With the agency out of the way, Musk's 'X Money' vision could revolutionize the way people make transactions, leveraging digital payment systems and fintech innovations to create a seamless experience. As the financial landscape continues to evolve, Musk's move is seen as a strategic play to stay ahead of the curve, with potential benefits for consumers and businesses alike, utilizing online payment processing and mobile wallets.
