Social media platform X has launched its smart cashtag feature on iPhones in the US and Canada, letting users view stock and cryptocurrency data directly from the app as part of Elon Muskโs plan to shift X into a financial platform.
The new feature allows users to select a specific asset or smart contract address when posting a ticker. Tapping a tag displays live price charts and related posts.ย
Canadian users will be able to trade stocks and crypto through a deal between X and Wealthsimple, an online brokerage. The trading feature has not yet rolled out in the United States.ย
โCashtags are just the first step in our commitment to be the best destination for the finance and crypto community,โ said X’s head of product Nikita Bier, in a post on Tuesday.ย
The development is part of Xโs โeverything appโ push, which Musk has previously called a Swiss army knife of mobile apps that hopes to include messaging, social networking, peer-to-peer payments and e-commerce.
Itโs part of a wider trend among digital platforms to consolidate diverse services into a single cohesive experience. Crypto exchange Coinbase announced its intent to build a โsuper appโ last July.
The announcement comes less than a day after Bier hinted on Tuesday that the platform could launch a crypto-related product, prompting speculation about what it could be.ย
Musk previously said that X Money, a peer-to-peer payments feature with yield-bearing accounts and a cashback debit card, would launch in April.
๐ has always been the best source of financial news for traders and investors. Billions of dollars are allocated every day based on what people read on Timeline.
Today we’re launching our new Cashtags feature in the US and Canada on iPhone, bringing real-time financial data toโฆ pic.twitter.com/c8s7X9gHTO
โ Nikita Bier (@nikitabier) April 14, 2026
Canadians trading on X sets stage for rollout
The integration with Wealthsimple to allow direct trading on the app sheds some insight into how it could work in other regions.ย
โUsers in Canada will see a button on cashtags so they can trade seamlessly from X. This is just a small preview of what’s to come,โ said Bier.
Bier also indicated that a rollout for web and Android devices, along with a global release of these features, is planned for the near future.ย
Related: X mulls new rules for first-time crypto posts amid tortoise scam
Bringing the WeChat Pay model to Web3
Tat Thang, a partner at prediction platform Polymarket, suggested X is trying to build a Web3 equivalent of WeChat Pay, a Chinese super-app that lets users make mobile payments and transfer money between contacts.
Thang argued that crypto transaction fees could be the key revenue driver for Muskโs ambitions for his โeverything appโ, since revenue and subscription fees can fluctuate, and person-to-person fiat transfers carry zero margin.
He also cited Xโs hiring of Bier, a Solana advisor and Benji Taylor, former head of design at Base, along with a recent purge of crypto bots as indicators of X ramping up its financial ambitions because you canโt โdrop a native wallet or trading terminal onto a timeline filled with drainer links.โ
โIt was a mandatory compliance sweep. You have to scrub the platform clean before you deploy consumer financial products,โ Thang added.
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