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Twitter’s CEO Elon Musk announced an important good news about the social media giant about 2 minutes ago. Musk, who took important steps after buying Twitter, had made many major innovations. So what’s next? How should we understand the X detail regarding cryptocurrencies?
Elon Musk Breaking News
Twitter’s CEO Elon Musk has just announced that he has found a new CEO and that he will take over in about 6 weeks. He also referred to Twitter as X once again. So will Musk take his hand off Twitter completely? What does X stand for? The mischievous billionaire said;
“I’m excited to announce that I’ve found a new CEO for X/Twitter, who will start in ~6 weeks!
My role will evolve into being the executive chairman and CTO, overseeing product, software and systems managers.”
Elon Musk, who will move to the role of director of technical affairs, will now only follow software/hardware issues in the system. After buying Twitter, he made the social media giant’s code open source and tasked his own engineers with redesigning the entire software architecture.
Elon Musk and the X Dream
Wechat is hugely popular, especially in Asia, and Elon Musk’s dream is to develop a product that goes beyond that. To realize this dream earlier, the mischievous billionaire, who spent $44 billion on Twitter, wants to open a giant social media portal that includes cryptocurrencies. Twitter will represent only a small part of this portal. He has already updated the company’s name to X and X.com is being hired by Elon Musk to take over in the future.
On this platform, people will be able to send money to each other through messages. And also cryptocurrencies. But for now, due to pressure from the regulatory environment, Musk plans to launch this feature in fiat currencies.
Elon Musk mentioned that many features, including video calling, will soon come to Twitter. This will be one of the first goals of the new CEO. In the background, Elon Musk will follow the necessary technical improvements.
Cryptocurrency investors are eagerly waiting for Elon Musk to officially launch Project X and bring the support for cryptocurrencies that he has promised in the past.
