Elon Musk, CEO of Tesla and Twitter, plans to transform Twitter into an "everything app" called "X" that includes messaging, payments, and commerce in an effort to improve traditional finance platforms. Twitter is currently working on the software and regulatory checks necessary for payments through the platform.

Musk believes that a more efficient financial system is possible and that "money is just information." Since the announcement of Twitter becoming a payment platform, the price of Dogecoin (DOGE), one of Musk's favorite cryptocurrencies, has increased, indicating how DOGE might react when this plan becomes a reality.