X Smart Castags Will Soon Launch Crypto Trading Facility Under the Leadership of Nikita Bear

Nikita Beir, the Product Lead of X, recently announced that the platform will launch a crypto trading feature in the coming weeks. This move is part of Elon Musk’s long-term vision to transform X into an all-in-one “super app.” According to Beir, this capability will operate through a new technology called Smart Castags.

New Direct Asset Trading Feature on X

Smart Castags is an innovative feature first announced in January. It allows users to see live prices of cryptocurrencies and stocks directly on their timeline. Beir explained in detail that with Smart Castags, users will be able to buy and sell stocks and cryptocurrencies directly from the X platform. This feature will give users the freedom to trade without leaving their timeline.

Nikita Beir’s Announcement and Technical Details

Beir’s announcement marks a significant step toward expanding X’s financial services. Last month, she introduced the basic functionality of Smart Castags, but trading capabilities had not been publicly detailed at that time. It is now clear that this system will offer full transaction functionality. Beir stated that several new features, with Smart Castags as the highlight, will be introduced simultaneously in the coming weeks.

Platform Expansion and Future Strategy

Since Elon Musk acquired Twitter in 2022, he has consistently spoken about bringing crypto and payment services to the platform. Now, X Money, the payment division of X, is preparing to launch. Musk has expressed his desire to develop X into a platform similar to China’s WeChat, where users can access all kinds of information, make payments, and manage their lives. In 2023, Musk also obtained a money transfer license for X in the United States.

Market speculation suggests that cryptocurrencies like Dogecoin could be integrated into X’s transaction system, especially given Musk’s affinity for this memecoin. However, Musk’s vision is to turn X into a place where all types of monetary transactions are possible.

API Policy Improvements and Abuse Prevention

Beir’s announcement came amid ongoing discussions about spam and improper fee collection on the X platform. Users were experiencing issues due to OpenClaw, an AI agent application, which was charging developers like Peter Steinberger up to $100,000 in additional fees.

Beir clarified that X will soon improve its API policies. These changes aim to block applications that create fee pools for unsuspecting users. This step is intended to prevent scams and malicious behavior on the platform that could trap users in dubious crypto projects.

Musk recently stated that X Money should become the main source for all kinds of monetary transactions, which he calls a “game-changer.” This effort is a key part of transforming X into a unified financial platform.