- Social network Twitter has officially changed its name to X. At the same time, the platform will introduce a number of important changes.
- According to Musk, by the end of the year, the platform will have access to payments, video and audio calls. Later, it plans to provide users with even more tools.
- In the long run, X will become “the largest financial institution in the world”. The site will be able to do anything.
Twitter owner Ilon Musk said the rebranding of the social network is just the beginning of a long and painstaking process. He confirmed that he plans to transform the platform into an “app for everything.”
Remember, Twitter’s platform was officially renamed X on July 24, 2023. The changes affect not only the branded logo, as the social network has lost its signature “bird,” but also the essence of the project:
“The name Twitter made sense when everything revolved around 140-character messages that flashed among users like bird tweets. But now you have the option to post anything you want, including multi-hour clips. In the coming months, we will be adding more tools for communication and the ability to manage the entire financial world. In this concept, the name Twitter is not appropriate.”
Later in the day, as part of an interview with music artist ZUBY, Musk confirmed that payments, video and audio calls will be available on the platform by the end of the year. In doing so, X, he says, will become “the largest financial institution” in the world.
The social network owner says the platform will cover half of the global financial system. Musk’s ultimate goal, however, is to strive to make life easier for ordinary users by gathering everything they need in one place.
“The idea is that if you want to do something, all you have to do is go to X to do it,” the billionaire emphasized.
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