Elon Musk has a big vision to turn X into an all-encompassing financial platform. Think about it like this: instead of using your traditional bank account for everything, you could handle all your financial needs directly through X. 

We're talking about managing money, making payments, handling securities – the whole deal. It's a bold move, and Musk is pushing for these features to roll out by the end of 2024.

Remember how Musk co-founded PayPal back in the day? He wanted it to be a comprehensive financial service but felt it didn't go far enough. 

Now, with X, he's aiming to finish what he started. He envisions X not just as a social media platform but as something that could completely replace traditional banking for its users.

To make this happen, X is planning to introduce features like user authentication through small fees. This will help verify users and could lead to features like peer-to-peer transfers and even cryptocurrency transactions. It's kind of like building a digital wallet that could handle everything​.

However, Musk's vision faces some big challenges. There are tons of regulations to navigate, and X would likely need to partner with existing financial institutions to offer more sophisticated services.

Plus, there's stiff competition from giants like PayPal, Apple, and Meta. Despite these hurdles, the sheer number of users on X gives it a shot at becoming a major player in the financial world.