X’s head of product, Mykyta Bir, confirmed that the social network will launch Smart Cashtags in the coming weeks. This will allow users to view data about stocks and cryptocurrencies directly in their feed.
X’s head of product, Mykyta Bir, confirmed that the social network will launch Smart Cashtags in the coming weeks. This will allow users to view data about stocks and cryptocurrencies directly in their feed.
Beer also promised new efforts to combat apps that create spam messages or encourage raiding and harassment. This is the latest in a series of announcements that have sometimes caused outrage among crypto traders on the platform, writes The Block.
«I sincerely want the crypto community to grow on X, but apps that encourage spam, raids, and harassment of random users are not the way to go,» Beer wrote in his X post. «And yes, in a few weeks we will be launching a number of new features, including Smart Cashtags, which will allow you to trade stocks and crypto directly in your feed.»
Beer also clarified that the platform will not «execute trades or act as a broker.» According to him, X only «creates financial data tools and related links.»
«Any automation and spam via scraping or APIs will be flagged and subject to thorough review,» Christopher Park, director of the X developer platform, added in his post. «No more bots or programs that perform or incentivize large-scale platform manipulation, activity bloat, spam, and scraping.»
Beer first announced the feature on January 11, calling X «the best source of financial news» and noting that «hundreds of billions of dollars are invested based on what people read here.» He said at the time that the team was gathering feedback ahead of a public release planned for February.
Smart Cashtags are based on the existing $TICKER system in X, where a dollar sign in front of the abbreviation turns it into a clickable link. In the new system, users will be able to specify a specific asset or smart contract address when publishing a ticker. Clicking on such a tag will open a real-time price chart, relevant posts on the platform, and direct trading options. In the first interface mockups, integrated «Buy» and «Sell» buttons are already visible next to the price data.
Beer said the API behind Smart Cashtags will work in near real-time for any asset issued on the blockchain, opening up opportunities for small-cap tokens that aren’t listed on centralized exchanges to appear in the feed alongside stocks like $NVDA.
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