In his most recent tweet on Tuesday, Elon Musk explained why he altered the recognizable name “Twitter” and the bird emblem. Musk affirmed that getting rid of the outdated identification is necessary if we want to push the limits of payment integration. The billionaire wants to develop X into a robust financial transaction and comprehensive communication platform.
The goal of the Tesla CEO is to turn ‘X’ into a workable financial platform that can manage users’ whole financial universes. He explained that because ‘Twitter’ and the bird emblem don’t fit well with the idea of a financial platform, it was rebranded as X.
“We will be able to conduct your complete financial world and include extensive communications in the upcoming months. We must say goodbye to the bird because the Twitter name is meaningless in that situation, he said.
To Facilitate International Financial Transactions, Twitter’s X
A release date for the platform’s banking services was not confirmed by Musk. Given the danger of alienating customers when renaming a well-known company like Twitter, the decision is audacious. Most users are happy with the name Twitter, thus a significant change might influence how the site is regarded.
Nevertheless, Musk has a reputation for making risky choices, and some of his ideas have proven to be profitable. As a result, there is a good likelihood that the X financial system will eventually rule the entire planet.
Both social media and a platform for user-initiated financial transactions would employ the letter X. The action strengthens the brand and distinguishes it from other social media apps on the market. Since Musk supports cryptocurrencies, it is reasonable to assume that X may include them as well.