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Elon Musk: X will cover half of the global financial system

by Vaibhav
July 25, 2023
in News
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Elon Musk: X will cover half of the global financial system
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  • The social network Twitter officially changed its name to X. At the same time, a number of important changes will be introduced on the site.
  • According to Musk, by the end of the year, the platform will have access to payments, video and audio calls. Later, he plans to provide users with even more tools.
  • In the future, X will become “the largest financial institution in the world.” Anything can be done on the site.

Twitter owner Elon Musk declaredthat the rebranding of the social network is only the beginning of a long and painstaking process. He confirmed that he plans to transform the platform into an “app for everything.”

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Recall that on July 24, 2023, the Twitter platform was officially renamed to X. The changes affected not only the corporate logo, since the social network lost its branded “bird”, but also the essence of the project:

“The name Twitter made sense when it was all about 140-character messages that flitted through users like bird tweets. But now you have the opportunity to post anything, including hours-long videos. In the coming months, we will add more communication tools and the ability to manage the entire financial world. In this concept, the name Twitter is not appropriate.

Later, as part of an interview with music artist ZUBY, Musk confirmedthat payments, video and audio calls will appear on the platform by the end of the year. At the same time, X, in his words, will become the “largest financial institution” in the world.

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The owner of the social network claims that the site will cover half of the global financial system. Musk’s ultimate goal is to make life easier for ordinary users by bringing everything they need in one place.

“The idea is that if you want to do something, all you have to do is go to X.” emphasized the billionaire.

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