In a post, Nikita Bier, the Head of Product at X, announced the new feature. Calling X the “best source for financial news,” he highlighted that “hundreds of billions of dollars are deployed based on things people read here.” So, to enable users with real-time information about the trades they will make throughout the day, the company plans to soon introduce Smart Cashtags.
Smart Cashtag
Photo Credit: X/@nikitabier
The new feature (as shown in the image above) is designed as hashtags but are enabled with the dollar sign ($). Typing the currency ticker symbol after it will automatically add a smart cashtag. Users can add both cryptocurrencies as well as smart contracts when making financial posts or sharing trading advice.
Once the post is published, viewers will see an interactive ticker, that can be clicked to check the real-time price along with all mentions of that asset. Bier highlighted that currently the team is collecting feedback, and an expected public release is planned for the next month.
It should be noted that the feature is an information-only tool, and will not support any live trading or trading or any sort on the platform. This will just let users check the current market conditions when they read about the asset or check an advice from a financial expert.
Separately, during the all-hands meeting of xAI, Elon Musk said that the social media company has started the internal testing of X Money, the company’s in-house payment system that will be integrated with X. Musk also stated that the tools will be made available to a limited group of users within the next two months. Currently, it is not certain whether the tool will support cryptocurrency.
