Tectono Business Review: ELON MUSK SETS TO TRANSFORM “X” INTO CRYPTO-CENTRIC PLATFORM

Tuesday, 1 August 2023

ELON MUSK SETS TO TRANSFORM “X” INTO CRYPTO-CENTRIC PLATFORM

Elon Musk, the founder of Tesla and SpaceX, has turned his attention into remodeling the widely-used Twitter into an all-encompassing platform christened "X."

Experts are of the opinion that this development could propel the upsurge of cryptocurrencies, especially Dogecoin, which is believed to be Musk’s favorite.

Musk has always visualized the formation of an 'everything app', a platform that amalgamates social media, messaging, financial transactions, and more.

Introducing cryptocurrency functionalities into "X" seems a fitting progression, in view of Musk's deep-rooted history with digital currencies.

It is not a secret that Tesla’s investment in Bitcoin gargantuan, and as a result, Musk is referred to as one of the Bitcoin whales.

It can be regurgitated how he once replaced Twitter's iconic logo with the Dogecoin emblem which precipitated a brief but remarkable upsurge in its market value.

It is believed that Dogecoin payments will find a home within "X".

Analysts are of the opinion that the commencement of crypto payments on “X” may not guarantee immediate widespread acceptance, but there is the possibility of “X” enhancing cryptocurrency exposure, considering its vast user base.

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Tuesday, 1 August 2023

ELON MUSK SETS TO TRANSFORM “X” INTO CRYPTO-CENTRIC PLATFORM

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