This is the best summary I could come up with:

Elon Musk wants X to be the center of your financial world, handling anything in your life that deals with money.

He expects those features to launch by the end of 2024, he told X employees during an all-hands call on Thursday, saying that people will be surprised with “just how powerful it is.”

“When I say payments, I actually mean someone’s entire financial life,” Musk said, according to audio of the meeting obtained by The Verge.

The company is currently working on locking down money transmission licenses across the US so that it can offer financial services.

“The X/PayPal product roadmap was written by myself and David Sacks actually in July of 2000,” Musk said on Thursday’s internal X call.

“And for some reason PayPal, once it became eBay, not only did they not implement the rest of the list, but they actually rolled back a bunch of key features, which is crazy.

The original article contains 400 words, the summary contains 153 words. Saved 62%. I'm a bot and I'm open source!

He's not wrong in this case, it's doable. There are many startups building similar services with arguably fewer starting resources. You should run completely in the other direction, but it's not impossible.

Credit products, especially virtual, are easier to create than ever thanks to companies that have built out that infrastructure. Chequing can be facilitated and held by a major bank under the hood in most cases.

It might not be his end game, but it's definitely possible. Now, forgive me while I weep for anyone that uses it if they manage to deliver it.

Looks at towering pile of timelines Musk has committed to and failed to deliver on.

I've got just the spot for this news.

He's a grifter. All he needs is a routine bet from a billion people and he potentially pays back on loans. He thought it might be possible with subscription, but he's considering a way to emulate previous cryptocurrency manipulation now.

I set up a play-money prediction market on whether this would happen, and it doesn’t look like many people have faith in Musk to pull this one off.

Fuck banks. Also, fuck whatever this is.

Damn, the idiot has been loose eating Tide pods again ...

Let's trust all our saving to this dude making random decision, wannabe memelord, who just sank 40 billion of his own money on a bet. All that just to take revanche on PayPal who threw him out of the board because they didnt trust him and his idea to have a company called X