Since Elon Musk acquired Twitter, the multibillionaire has not stopped tweaking the set-up of the favorite social media of the crypto world, adding new features and removing unnecessary aspects.
The latest integration involves the introduction of audio/video calls directly on the platform, similar to how it is done on WhatsApp.
Meanwhile, the multibillion-dollar supporter of Dogecoin has made it clear to the public that he is not working on an alleged “Xcoin” crypto to circulate within the app.
However, at the same time Twitter wants to get closer to the world of crypto tokens, given and considering that a few days ago it was granted a license to store and exchange BItcoin with other crypto assets. What is the direction in which Elon Musk’s social media is heading?
All the details below.
Summary
Twitter integrates audio/video calls into platform: Elon Musk challenges Mark Zuckerberg’s WhatsApp
Since October last year, when Elon Musk completed his $44 billion acquisition of Twitter, several decisions have been made to breathe new air into the social media most used by crypto and blockchain enthusiasts.
Indeed, the multibillionaire CEO of Tesla wasted no time and immediately fired four top managers and part of the company’s staff, continuing with the introduction of the paid blue tick and the rebranding of the platform to “X.”
In less than a year, the social media setup has been completely changed, though Elon Musk still plans to introduce new features on it.
The most important of all concerns the desire to make Twitter more similar to the “WhatsApp” messaging platform, adding the ability to make voice and video calls directly on the app.
However, unlike Mark Zuckerberg‘s product, it will not be necessary to use a phone number but only an internet connection.
No official date has yet been released for the launch of this revolution at Twitter.
In responding to comments below his post, Musk specified that the audio/video calling feature will not be encrypted initially, but this option will be added dynamically in the future.
This is because momentarily adding the encryption factor by default would greatly penalize the quality of the call. Plus most of the time users do not need this.
The Twitter (now X) community does not seem to have taken this new integration exactly well, as it can be seen as a potential threat to user privacy.
For instance, think of a user who has been successful with cryptocurrencies becoming a millionaire and wants to hide his or her identity on social for fear of receiving threats and physical repercussions: being contacted by video call is not exactly the best way to remain anonymous.
In addition, there is the fact that Twitter has recently changed its user privacy policy stating that they will start collecting biometric data and information about the education and employment of their customers.
Elon Musk denies rumors of an alleged “X coin” crypto for Twitter
Among Elon Musk’s latest Twitter refinements there is room for discussion of a matter related to an alleged “native” social media crypto that users can use internally as a utility token.
Indeed, in recent days there were rumors that the development of a so-called “X coin” was in the air and that Twitter’s team of developers was working on its creation.
This would not come as a surprise to cryptocurrency enthusiasts who have seen Elon Musk continually praising the memecoin Dogecoin in recent years, even going so far as to replace the social’s blue bird logo with that of the crypto dog.
In any case, Elon Musk’s response came shortly ago, denying any rumors related to a new crypto.
As always, the words of the multibillionaire CEO of Twitter should always be taken with a grain of salt since more than once he has changed his ideas along the way, leaving all his stakeholders speechless.
If we were to interpret Musk’s latest statement, we can infer that AT THE MOMENT Twitter is not working on a cryptocurrency but that it could easily start doing so in a few weeks.
Likewise, we cannot rule out the hypothesis that it will be an existing currency that will enter the world of the social platform, perhaps precisely the much-loved Dogecoin or Bitcoin.
In this regard, we recall that last week Musk himself publicly stated that “Twitter is a friendly place for Dogecoin.”
Twitter gets license to store and exchange Bitcoin and other tokens: how will social media evolve in the coming months?
Despite Elon Musk’s denial about a new crypto “X coin” for Twitter, a few days ago the platform reached an important milestone in the world of digital assets with a new license on the table.
Indeed, on 29 August, the State of Rhode Island officially approved a request to Twitter Payments LLC, X’s payments subsidiary, to allow the platform to transfer, store and exchange Bitcoin and other crypto assets.
This also allows for the development of related services such as crypto wallets and payment processors.
Hence, it is clear that while not supporting the idea of a native ecosystem currency, there is a desire to open the door to the world of blockchain by making the social network a more crypto-friendly application.
Today, most communities that are passionate about Bitcoin and crypto projects already conceive of Twitter as their home and the place to communicate with their network.
What is missing is the ability to send money between users, receive crypto tips from their followers, and pay for the platform’s services in Bitcoin, Ethereum, and Dogecoin.
All this may come sooner than expected after Elon Musk obtains the licenses, which after getting the regulatory okay can finally move into action.
Musk himself reportedly said he wants to turn X “into the app for everything” where users can transfer their financial world.
We expect new features to be introduced in the coming months, surely connected with the use of cryptocurrencies, so as to definitively proclaim Twitter as the app of the crypto world.
Dogecoin could easily be part of Elon Musk’s upcoming announcements.
