Bitcoin

How Elon Musk Plans the Transition to X

2 Mins read


While Twitter’s sudden rebranding to X has caught many by surprise, it seems Elon Musk has had a radical transformation for the platform in mind for a while.

Here’s what we know about how he plans to change the old “Twitter” – and what it might mean for crypto.

Baking In Financial Services

In a tweet published on Tuesday, Musk said that Twitter was acquired by X Corp. both to accelerate X’s growth and to “ensure freedom of speech,” one of the billionaire’s primary commitments upon buying the platform last year.

According to the billionaire, Twitter’s name made sense “when it was just 140 character messages going back and forth – like birds tweeting.” However, given the variety of new features on the platform (ex. Long form video) and many others to come, he has chosen to “bid adieu to the bird.”

“In the months to come, we will add comprehensive communications and the ability to conduct your entire financial world,” he added.

Musk expanded on X’s financial aspirations in an interview this week, when he explained that it could potentially become “half of the world’s financial system,” and the “most efficient database for the thing that is money.”

His statement has raised questions about whether certain crypto-financial integrations could be a part of his plans. Dogecoin – the entrepreneur’s favorite cryptocurrency – is in particular focus, especially after he added the memecoin’s logo to the location field of his X profile on Tuesday.

Twitter CEO Linda Yaccarino added on Monday that X will be “powered by AI,” onboarding a fast-growing trend among major tech companies like OpenAI, Google, and most recently Apple.

“X will be the platform that can deliver, well….everything,” she tweeted.

Will This Ruin Twitters Brand?

Musk’s corporate life has a long history with the letter X: he purchased X.com in 1999, owns SpaceX, and attempted to rename Paypal to “X” over a decade ago.

Critics have suggested that his intent to promote the letter will ultimately bite him by scrapping Twitter’s well know brand. However, Musk is convinced that X will become an even more powerful brand of its own.

“X will become the most valuable brand on Earth. Make my words,” he said.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.



Source link

Related posts
Bitcoin

Permianchain and Vertical Data Team Up to Bring GPU-as-a-Service to MENA

1 Mins read
Permianchain, a subsidiary of UAE investment firm Hodler Investments, partnered with Vertical Data to offer modular and portable data center solutions using…
Bitcoin

Cathie Wood Predicts Bitcoin Will Reach $1.5 Million by 2030

1 Mins read
Cathie Wood predicts Bitcoin will reach $1.5 million by 2030, driven by its limited supply and increasing demand. Cathie Wood, founder of…
Bitcoin

Dogwifhat (WIF) and Avalanche (AVAX) Rising, But XYZVerse’s 6,900% Surge Could Redefine Q1 2025

3 Mins read
Significant shifts are unfolding in the cryptocurrency arena as Dogwifhat and Avalanche continue their ascent. Yet, it’s the astonishing 6,900% surge of…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *