Elon Musk Gives Twitter 1 Year to Build Payments System to Replace Bank Accounts

Elon Musk has given X employees 1 year to build a payments system to replace bank accounts. He wants X to handle users' entire financial lives.

Musk and X's CEO spoke remotely at the 1-year anniversary meeting, despite demanding other employees return to the office.

Musk aims to make X an "everything app" like China's WeChat, with messaging, social media, video calling, payments, etc.

X recently launched an early video/audio calling feature for some users, part of Musk's vision for new functionality.

X faces challenges, with Musk saying it has lost 50% of ad revenue and has heavy debt since he acquired it for $44B last October.