Tech billionaire Elon Musk on Monday reiterated his plan to build social media X into a ‘superapp’ with multiple services on a single platform, which is similar to China’s WeChat.

He made the coments during a recent conversation with Zerodha cofounder Nikhil Kamath on the latter's 'People by WTF' podcast. 

Musk siad he aims to build a financial exchange with the domain name ‘X.com’ manifested in the form of PayPal. The digital payments platform was acquired by eBay in 2002.

Acquiring microblogging site Twitter in 2022 rekindled Musk's original plan of building X.com as a financial platform. “Then I was like, ‘Well, maybe this — acquiring Twitter — would also be an opportunity to revisit the original plan of X.com, which is to create this clearing house of financial transactions.’ Basically, to create a more efficient money database, is a way to think about it,” Musk said.