Rebranding Twitter to ‘X’: Is it a step towards Elon Musk’s everything app? – Crypto News – Crypto News
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This screen shot taken Monday, July 24, 2023, in New York, shows Elon Musk This screen shot taken Monday, July 24, 2023, in New York, shows Elon Musk

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Rebranding Twitter to ‘X’: Is it a step towards Elon Musk’s everything app? – Crypto News

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billionaire Elon Musk has rebranded Twitter to ‘X,’ replacing the iconic blue bird logo. Twitter CEO Linda Yaccarino confirms the change, stating that ‘X’ will build on Twitter’s impact and transform global communication further.

Even though it seems like a new development, it probably isn’t! Elon Musk had hinted about it during the $44 billion takeover bid. Noting that it was not a simple takeover plan, the Tesla boss claimed that he visions something even grander for Twitter and that is creating X – an “everything app” that does whatever you need.

And, on October 5, 2022, he tweeted, “Buying Twitter is an accelerant to creating X, the everything app.”

What is X-the everything app?

The “super app” or “everything app” concept, popular in Asia, has inspired global tech companies. It offers a suite of services like messaging, social networking, peer-to-peer payments, and e-commerce shopping within a single platform, creating a one-stop-shop for users’ needs.

For example, China’s WeChat, which has over 1 billion monthly users, is a ubiquitous part of daily life in the country. Users can hail a car or taxi, send money to friends and family or make payments at stores. Similarly, Grab, a leading super app across Southeast Asia, offers food delivery, ride-hailing, on-demand package delivery and financial services and investing.

Confirming that now ‘X’ will also function on the same lines, Yaccarino tweeted saying, “X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.”

Meanwhile, sharing his view about X.com, author Walter Isaacson posted an except from his upcoming biography on Musk, that says, “His concept for X.com was grand. It would be a one-stop everything-store for all financial needs: banking, digital purchases, checking, credit cards, investments, and loans. Transactions would be handled instantly, with no waiting for payments to clear. His insight was that money is simply an entry into a database, and he wanted to devise a way that all transactions were securely recorded in real-time.”

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