Cashtag’s X feature has driven over $1 billion in sales worldwide since its launch on Tuesday, according to Chief Marketing Officer Nikita Bier.
The commercial event came just 48 hours after the social network launched Smart Cashtags for crypto and assets.
X Cashtag Turns Time into a Shopping Gateway
Bier to be revealed volume figures on April 17, noting that it was derived from a combination of commercial products linked to the operator.
The app allows users to click on tags such as $BTC, $ETH, $XRP, and $DOGE to view real-time price charts, recommendations, and other related articles without leaving the app.
A including the operator and Canadian brokerage Wealthsimple also supports direct trading from time to time.
However, the pilot remains limited. Only iPhone users in the US and Canada are eligible, and the buy button does not work for US users. Android and web support has not yet been released.
DeFi expert Tat Thang highlighted the growth of X’s startup, noting that it took years for Robinhood to reach similar daily volumes.
“Robinhood’s first year: 500K users. “More sales per week.” X’s first 48 hours: $1 billion. $1B in estimated volume from a pilot that hasn’t touched Android yet,” he wrote Thank you.
Yes, Robinhood he started its program publicly in April 2015 after a long secret beta (waiting phase) from 2013-2014. By the end of 2015 (almost its full year), it had about 500,000 accounts or users.
X Investments Remain Unidentified
The release of Cashtags comes as X prepares to launch its own payment platform, X Money. Elon Musk said in March that early public availability will begin in April.
Polymarket data currently shows a 36% chance that X Money will launch by April 30, meaning that many traders remain. suspect.
Senator Elizabeth Warren has also expressed concern about the 6% APY being offered by the platform and the stablecoin release, to beg Musk will provide a written response by April 21.
A note X Cashtags Launches Estimated $1 Billion Addition to Crypto Markets appeared for the first time BeInCrypto.
