Twitter's X To Become Half of the World's Financial System: Elon Musk

Elon Musk is all set to rebrand Twitter’s iconic blue bird logo into X. The reshaping of the social media giant could also integrate payment systems across the world. Users might be able to send and receive money through Twitter’s X, hinted the billionaire in a recent interview.

Musk is bullish on X and forecasted that the payment integration could become half of the global financial system. However, he cautioned that its success could be possible only if things fall into place as planned and are done right.

Also Read: U.S. Economy To Reach Hyperinflation if BRICS Becomes Global Currency

“X would become half of the global financial system,” said Musk adding, “if done right”. The tech entrepreneur did not reveal further details about the payment systems but laid it out there that Twitter could take a new turn in the financial world.

Musk has been making constant changes to Twitter after he purchased the social media giant in October last year. He brought Twitter for $44 billion and has been championing making it better in terms of user eXperience.

Twitter’s new CEO Linda Yaccarino tweeted that X is just getting started, indicating that there would be many more changes in events. “For years, fans and critics have pushed Twitter to dream bigger, to innovate faster, and to fulfill our great potential. X will do that and more. We’ve already started to see X take shape over the past 8 months through our rapid feature launches. But we’re just getting started,” she tweeted.

Also Read: Shiba Inu: Are SHIB Millionaires Buying More Cryptocurrencies?

Twitter Could Turn Into A Financial System

Elon Musk Tells Bankers That $44B Twitter Acquisition Deal Will Close on Friday
Source: Adweek

The billionaire never shied away from eXperimenting with changes to the social media app in the hope of making it better. Just a few months ago, Musk changed the iconic Twitter bird into the Dogecoin logo.

Also Read: Ripple: When Will XRP Climb Above $2

DOGE spiked in price after it become the Twitter logo but dipped in the charts after it was changed back to the bird.

Therefore, Musk’s idea of turning the app into a financial system comes as no surprise, as the entrepreneur has been at the forefront of innovation.

  • Elon Musk
  • Twitter
  • X

Comments

Post a Comment

Popular posts from this blog

Aave community proposes suspending Fantom-based integration

Image
The past month has seen a series of hacks in the crypto sector. The latest hack was on hardware wallets, where 15,000 Solana wallets were affected, resulting in a loss of around $4.6 million. Aave proposal removes Fantom integration One of the most persistent hacks in the crypto space is on DeFi bridges. Bridges are an essential infrastructure that allows users to transfer funds between blockchains. For example, the native assets on one network like Avalanche can exist on another like Harmony without needing a bridge. Given this large amount of money stolen from these blockchain bridges, one DeFi protocol is taking steps to lower the risks from the sector. A recent proposal on the Aave protocol suggested that the community suspends all Fantom-based integration. Buy Aave Now Your capital is at risk. The proposal from the Aave community says that halting Fantom integration would protect users by suspending the ability to deposit and borrow assets through the Aave V3 market...
Read more

Canadian crypto traders will have a harder time using leveraged bets

Image
Join Our Telegram channel to stay up to date on breaking news coverage Canadian umbrella financial regulator, the CSA (Canadian Securities Administrators) recently decided to create a new set of rules for crypto exchanges operating in the country, according to two unnamed sources familiar with the matter. Among the new changes is apparently the rule that all crypto trading platforms that wish to operate in the country must be registered, and everyone seeking registration must sign undertakings to comply with investor protections. The CSA (Canadian Securities Administrators) declined to reveal any details, saying it would do so "in the near future.” — DustyBC Crypto (@TheDustyBC) February 17, 2023 However, this is not the end of it, as the rules will also severely affect retail investors who wish to trade crypto currencies using leveraged bets. The CSA plan is to increase its oversight of crypto exchanges that operate in Canada. This will mean tighter rules whi...
Read more

Astar launches NFT campaign to celebrate mainnet launch

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Astar Network, a Polkadot parachain, has announced an NFT campaign to celebrate the mainnet release of Astar zkEVM, an Ethereum layer-2 chain powered by Polygon technology. Astar’s NFT campaign The Astar Network’s NFT campaign, scheduled for Q1 2024, aims to celebrate the launch of the Astar zkEVM mainnet, which was built utilizing the Polygon Chain Development Kit (CDK). The campaign draws inspiration from Astar Network’s Japanese roots by using the popular Japanese capsule machines and mechanisms to award random prizes. You might also like: Astar Network launches zKatana layer-2 scaling solution on public testnet To participate in this campaign , users are encouraged to explore the projects available on Astar zkEVM. The platform offers on-chain and off-chain quests, which users can complete to earn re...
Read more