Elon Musk wants everyone to conduct their entire 'financial world' on X as he doubles down on his vision for an 'everything app'

• Elon Musk's grand ambition for X: Make it the place you manage finances and make payments.
• The billionaire said X users would be able to conduct their "entire financial world" on the app.
• The shake-up comes as Musk aims to see off a threat from Mark Zuckerberg's Threads. 

Elon Musk is preparing to transform X, formerly known as Twitter, into a social-media service where users can manage their "entire financial world" as part of his vision for an "everything app."