Elon Musk’s plans are generally extremely ambitious. This, by itselfit’s nothing negative, on the contrary, if it weren’t for aspiration to the highest, humanity wouldn’t be able to sail around the earth, get into space, conquer empires, add even more water to bottled orange juice… anyway, quite a few of humanity’s great achievements started with the first step of someone they provoked his own ambitions.

Here, however we must distinguish between actions such as creating a space program with the best experts in all related fields, others like wanting to organize an expedition to the South Pole to demonstrate that there is a wall of snow that hides an alien base. (controlled) ambition is positive, but only when it serves as fuel for an idea that has meaning, development and that does not aim to end up as a car with the windows open in the most remote and remote areas of Cañada Real (probably the most conflicted area in Madrid, for those who do not know the link).

It won’t be a surprise to anyone Elon Musk has always focused on the economic-financial ecosystemand which in fact achieved a significant part of its current importance, as well as part of its fortune, through its participation in PayPal, a hugely innovative service in its time. With the emergence of the fintech ecosystem, and although at the time he was thinking about self-driving cars and spaceships, he clearly saw an opportunity to revive his old plans, create a financial empire based on technology… and call it X.

So, since it acquired Twitter, we started hearing about certain plans with the social network in this regard. And now, as we can read on Mashable, Elon Musk wants to turn X/Twitter into a financial services company by the end of 2024. And no, it’s not a rumor, because it was Musk himself who informed the employees about these plans in a conference held with them yesterday Thursday.

As I said before, ambition is always very present in Elon Musk’s plans, and it’s not like he decided to slow down a bit on this occasion. Quite the contrary, as can be deduced from this fragment of their conversation:

«If it is money, it will be on our platform. Money or securities or whatever. “So it’s not just like ‘send $20 to my friend.’ I’m talking about not needing a bank account […] I’d be surprised if we don’t get it done by the end of next year«.

Be able to switch banks and do it in just over a yearalmost nothing.

Now is the time to remember that we are talking about Elon Musk, the man who decided to move part of Twitter’s servers overnight without considering the necessary precautions for an operation of this type. As a result, the social network had many failures, and according to Musk himself, there are problems arising from this operation that have not yet been resolved.

Except, Its problems with various US regulators are well knownfor his actions to manipulate the market (such as when he claimed to have the capital necessary to delist Tesla) and more recently for Tesla’s many problems. And does a person with this profile want to enter one of the most regulated industries in the world? I don’t know about you, but I personally find it safer to keep money under a rock in the garden than to put it in the hands of such a person.