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Twitter has been undergoing many changes and updates since its purchase by Elon Musk. Everything from the introduction of paid verification to even changing the homepage logo to the dogecoin symbol, Twitter saw it all. However, it seems this is just the beginning. With Twitter’s recent merger with X Crop, we can expect to see the social platform’s name change to become part of Elon Musk’s “Everything App” by the name X.
The Merger
The merger was revealed in court documents tendered as part of legal action being taken against Twitter.
As per the filing:
“Twitter Inc. has been merged into X Corp. and no longer exists. X Corp. is a privately held corporation, incorporated in Nevada, and with its principal place of business in San Francisco, California.”
The change is part of Musk’s vision for an ‘everything app’, which he has referred to as X, Musk already holds the X.com URL, as part of his future planning for the app.
An Everything app is a super app or an app of apps. It aggregates services that you would otherwise need several apps to carry out. Basically, you get access to everything you need with just one password and one user interface
Last October, as he was finalizing his deal to acquire Twitter, he reiterated that X remains his long-term plan for the social media platform.
X The Everything App
Musk is looking to build an app that could provide an all-encompassing functionality, similar to how WeChat has become a key utility in China. Chinese citizens do everything in the app – from paying bills to buying public transport tickets, registering their details, grocery shopping, etc.
With his background in digital payments, Musk is hoping to integrate payment functionality into tweets, making it easy to transfer funds, free of charge, around the world.
As Musk stated at the Morgan Stanlee Tech conference in Feb:
“So, let’s say you want to be able to send money easily from one account on Twitter to another account effortlessly, with one click, you want to be able to earn interest on that money, you want to be able to have debt, so you can let your interest can go negative. Basically, I think it’s possible to become the biggest financial institution in the world, just by providing people with convenient payment options.”
If this app were to come to fruition it would become a key facilitator of your digital identity and can be viewed as a precursor to the shift towards cryptocurrency.
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