X owner, Elon Musk has given employees of the company one year to replace their bank accounts, saying they will no longer need them.
Musk told X employees during an all-hands call on Thursday that people will be surprised with how powerful X will become.
He wants X, formerly Twitter, to be the center of the financial world, handling anything in life that deals with money.
The X owner expressed hope that the features that will enable X to handle payments would be launched by the end of year 2024.
Musk disclosure to make the social media platform the center of the financial world is coming some weeks after he announced plans to add video and audio call features to the app.
