The Cashtags feature on the X Platform has driven approximately $1 billion in transaction volume, aiming for a "super app" strategy.

BlockBeats News, April 18th, X Product Lead Nikita Bier stated that the platform's newly launched Cashtags feature, which allows users to view stock and crypto asset data directly on the timeline and quickly navigate to the relevant asset's page using a "$ symbol tag," has driven approximately $1 billion in global transaction volume in the days since its launch (based on pilot data estimates).

The Cashtags feature is seen as a key step in deeply integrating social content with financial information.

The feature is currently available to iPhone users in the United States and Canada, covering cryptocurrency and stock assets. Bier emphasized that X does not directly execute trades or act as a broker but rather focuses on building a financial data gateway and traffic distribution.

This move is in line with Elon Musk's push to transform X into a "super app." Previously, the company had planned to launch the digital wallet product X Money for peer-to-peer payments and fund transfers. Whether it will support crypto asset trading in the future remains to be seen.