We all know that Elon Musk, the ambitious chairman of X (formerly Twitter) has been in love with Cryptocurrencies ever since their inception. Owing to his unprecedented love for crypto we can easily declare that one day X will support Cryptocurrency as payment methods. However this article intends to reveal Musk's bigger plans for an 'everything app'. Let's dig deeper to find the truth about 'The Project X' and find out in how many ways X (The Lost Bird) is going to serve its community.

Starting with an optimistic news Elon Musk's X has acquired a licence in a US state to transmit currency for the microblogging platform. This suggests that the social networking platform formerly known as Twitter could soon support the processing of payments in cryptocurrencies and fiat currencies. (It can be assumed that the most preferable cryptocurrencies would be Bitcoin, Ethereum or Dogecoin) This licence gives a company the right to facilitate the custody, transfer and exchange of digital currencies. Musk, who acquired X last year, has said he wants to turn it into an "everything app." The billionaire envisions X as a platform through which users can communicate, exchange and, in the future, make payments.

After the news section, let's now focus on the how and why of what's happening with the once beloved RIP Twitter.

"If I'm so smart then why did I pay so much for Twitter?" said Elon Musk at a conference. In October 2022 the Tesla CEO closed the deal with Twitter for a whopping 44 billion. Although admitting that the deal was expensive, Musk took no time to claim that he bought Twitter for he thought that it was negatively affecting the civil society. 

He declared at the VivaTech conference in June 2023,"I was concerned Twitter was having a negative affect on civilization and corrosive affect on civil society, and anything that undermines civilization, I think, isn't good," 

He went on to emphasize his reason saying "I felt Twitter kept moving in a negative direction and my hope and aspiration was for it to be a positive force for civilization."

Now Let's drop a bombshell right away. Musk is way too smarter than most of us can anticipate. His reason and grip of words is definitely matchless. He knows much better how to exploit the public sentiments by adopting a humanistic approach. His tactics for getting publicity for his brands or ventures has often been cited as the smartest moves. His move of breaking a bulletproof glass on a cybertruck or a Tesla car in the space show how much he hates spending money on advertising.

It's worth noting that a few words from the world's richest man can resurrect or destruct any market. His single tweet can generate or destroy millions in no time. So why on Earth does he try to be manipulative. After all he is the greatest entrepreneur of our generation and he may be true when he talks about humanity, civilization or civil society, isn't he? Let's find out.

Musk has already had great success with most of his ventures and is in possession of an exponential wealth. He is at the helm of the riches that very few few can imagine. But he desperately wanted something that could be more comprehensive than all the wealth that ever existed. His ambition for taking over Twitter set a precedent of what is now constructing.

Twitter has rebranded itself as X and Musk is now openly showing his clever intentions. He wants to create something with everything for everyone.

The recent news about Twitter payments LLC (X) acquiring money transmitter licences from various states in the US envisions that X (Twitter) can now safely handle crypto and fiat payments. More details are awaited about how X's payment features will look like.

I guess X (Twitter) is going to implement a real time payment settlement for  users' monetization or ads revenue sharing. However this is based on a research, I would call it a guess without evidence. 

Musk is definitely on a mission in pursuance of a US based 'super-duper app' that can engage users in as many ways as possible. He wants to create an app that goes beyond chatting or sharing a few words, images or videos. Who knows X (formerly Twitter) may soon embodies e-commerce, or a bitcoin and crypto wallet, or a stock or Cryptocurrency trading platform, or a YouTube like library of videos, or a Mars for Netizens (Lol).

Ultimately, there's a better chance that Musk becomes obsessed to single-handedly (albeit with his X community) challenge the monopoly of certain powerhouses like YouTube, Amazon, Facebook, and so on.

Also read: Why did I object the the Bitcoin price Crash on 17th August?

Bitcoin May be Down, It's not Defeated 

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