Briefly
- The device, known as Good Cashtags, will let customers tag particular shares or crypto belongings, right down to particular person good contracts, when posting symbols similar to $BTC or $NVDA.
- Tapping a tagged asset opens an in-app web page with reside costs, charts, worth strikes and associated posts, aiming to scale back confusion round overlapping tickers.
- X mentioned it plans to collect consumer suggestions forward of a public rollout anticipated subsequent month, with out detailing whether or not buying and selling or funds can be included.
Elon Musk’s X app is creating a brand new characteristic known as Good Cashtags that may hyperlink ticker symbols in posts to real-time monetary knowledge.
The characteristic will permit customers to specify particular belongings, similar to shares and crypto, when posting cashtags like $BTC or $NVDA, based on a Sunday put up by the corporate’s head of product, Nikita Bier.
Tapping a Good Cashtag will open an in-app web page exhibiting reside costs, worth modifications, charts, and posts mentioning the asset.
X mentioned the device is designed to scale back ambiguity round tickers and good contracts, significantly in crypto markets the place symbols can overlap. In some instances, belongings can be recognized by their underlying good contract addresses.
Bier mentioned X plans to gather consumer suggestions forward of a public launch focused for subsequent month. The corporate didn’t disclose whether or not the characteristic would come with buying and selling or monetisation elements.
The transfer displays X’s broader effort to place the platform as a real-time supply of economic data, as customers more and more focus on markets and buying and selling exercise on the platform.
Musk has repeatedly mentioned he desires to show X into an “the whole lot app,” together with funds and monetary providers, and has beforehand floated the concept of supporting cryptocurrencies on the platform, whereas stopping quick of confirming whether or not digital belongings similar to Dogecoin, his most popular meme coin, can be built-in into any future funds product.
X’s former CEO, Linda Yaccarino, additionally introduced in June that the platform would assist in-app investing and buying and selling. A month later, she resigned.
Additional bulletins concerning an actual timeline of that characteristic’s rollout haven’t been supplied. X Corp didn’t instantly reply to Decrypt’s request for remark.
Bier joined X across the similar time as Yaccarino’s departure, and is an advisor to Solana and a enterprise associate at Lightspeed Enterprise Companions. He beforehand held roles at xAI and Meta inside a division that constructed experimental, consumer-facing apps.
