🔥 Mizuho Bank: Musk’s X Money may disrupt the U.S. payments market and challenge PayPal


According to a report by The Block, a Mizuho Bank research and analysis analyst said in a report released Thursday that the financial feature X Money launched on Musk’s X platform has the potential to disrupt the U.S. payments industry, but its cryptocurrency integration plan may be hindered by regulation. In a client report, Mizuho analysts Dan Dolev and Andrew Jenkins wrote that X Money is positioned as the financial infrastructure layer of the X platform, aiming to integrate instant messaging, bank deposits, and business transaction functions—similar to the “super app” model of payments or Alipay. With the X platform’s scale of 500 to 600 million monthly active users and Musk’s background in the payments industry as a co-founder of PayPal, X Money has the potential to disrupt the U.S. payments industry…
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