The world’s richest person, Elon Musk, says the Twitter purchase has accelerated the development of the X app. Analysts predict that Musk will face serious difficulties in realizing his X vision.
Elon Musk wants to create X-App for 8 billion people
Elon Musk plans the future of Twitter, inspired by WeChat, China’s leading social media platform. X-App is the idea to make Twitter the next “super app” that will keep it on par with all-round platforms popular in Asia like WeChat or Grab. While he has shared a few details about this vision, analysts say it will be very difficult to realize.
Musk said Tuesday that his long-term vision for Twitter is a new app called X. Musk stated in his tweet that the Twitter acquisition will help the rapid development of X.
Musk’s comment came after Twitter reverted to its decision to buy the initial bid for $44 billion. Musk backed out on the purchase, citing various inconsistencies in Twitter’s user base. Earlier than that, it agreed to buy Twitter for $44 billion in April. cryptocoin.com We have discussed the latest developments in this article.
Now, after months of pain and U-turns, Elon Musk is poised to buy Twitter again. Thus, his Twitter acquisition will put Musk in control of the world’s most influential social platform. Musk’s desire to create what analysts call an “all-purpose platform” is comparable to “super apps” in Asia. Super apps are one-stop shops where users can perform almost all their activities.
There are many companies in Asia with various versions of X-App
The most notable is WeChat, a social platform owned by Tencent (Chinese tech giant). Many describe WeChat as a combination of Facebook, PayPal, Twitter and Snapchat in one place. The platform has more than one billion users, mainly from mainland China.
Users can do almost anything in this app, such as paying bills, grocery orders, and booking yoga classes. Other platforms similar to WeChat in Asia are GRAB and LINE. GRAB caters mainly to Singaporeans and Malaysians, while LINE is popular with Japanese. While GRAB started out as a ride-hailing service provider, LINE gained a reputation as a messaging app.
However, it has added a few other features to its services on each platform. Musk has been a pioneer in emulating WeChat’s success. At a meeting with Twitter employees in June, Musk said Twitter has similar potential to Tencent’s popular service in China. The billionaire businessman says a key goal will be to involve as much country and world as possible on Twitter.
Facebook CEO Mark Zuckerberg shares similar sentiments with Elon Musk
Mark Zuckerberg once suggested that he review WeChat as a case study for his company to improve:
Most Chinese live on WeChat because of its usefulness and helpfulness in daily life. Getting something similar or close for Twitter would be a huge success.
Will the currency be XRP, ETH or DOGE?
As a cryptocurrency advocate, one way Musk has made Twitter out of other mainstream super apps is by adopting cryptocurrencies. It turned out that Musk, who is already a Dogecoin fan, will integrate DOGE into the platform. However, other major cryptocurrencies can also be added, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
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