Twitter’s ‘X’ Rebrand: All the Things Elon Musk Has Planned for the ‘Everything App’
Despite this clear-cut rejection of a Twitter-led cryptocurrency—coming in the middle of a major rebranding effort—it is not an outright denouncement of cryptocurrency support or related features in a future X “everything app.” And Musk’s previous history with digital assets might also leave room for doubt.
Elon is well known for his fanaticism for Dogecoin (DOGE), a memecoin that was spawned as a joke for the crypto community to stop taking itself so seriously.
The self-proclaimed “Dogefather” drew widespread attention last year when he bought Twitter for $44 billion, and not long after, swapped the iconic blue-bird logo for an image of the Shiba Inu dog that characterizes Dogecoin–causing the token to soar by 20% and the billionaire to earn himself a $258 billion lawsuit for alleged insider trading and racketeering.
Indeed, he has sent the crypto community plenty of mixed signals over the years.
In 2021, Doge developers exclusively told Decrypt they were working with Musk for years to make a cheaper, greener alternative to Bitcoin. And earlier this year, news surfaced that the company was working on a product that would supportive of crypto payments—although there wasn’t much information on which token would be used.
While crypto fanatics can probably rule out a TwitterCoin or XCoin for now, the door is still not fully closed to cryptocurrency in Musk’s next act.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://www.fintechnews.org/elon-musk-we-never-will-launch-a-twitter-or-x-crypto-token/
- :has
- :is
- :not
- 000
- 2021
- 7
- a
- Act
- After
- All
- alleged
- also
- alternative
- an
- and
- Announcement
- Another
- article
- AS
- Assets
- attention
- BE
- Billion
- billionaire
- Bitcoin
- both
- but
- by
- came
- CAN
- characterizes
- cheaper
- claiming
- closed
- community
- company
- crypto
- crypto community
- cryptocurrency
- Dark
- developers
- digital
- Digital Assets
- Dog
- Doge
- Dogecoin
- Door
- doubt
- Earlier
- earn
- Elon
- Elon Musk
- Even
- fanatics
- Features
- followers
- For
- formal
- fully
- future
- Grid
- Grow
- had
- he
- Headlines
- his
- history
- hover
- HTTPS
- iconic
- image
- in
- included
- information
- Insider
- insider trading
- Inu
- IT
- itself
- jpg
- known
- Last
- Last Year
- launch
- launched
- Leave
- logo
- Long
- make
- Memecoin
- Middle
- might
- much
- Musk
- never
- news
- next
- now
- of
- on
- or
- out
- outright
- over
- past
- planned
- plato
- Plato Data Intelligence
- PlatoData
- Plenty
- Post
- previous
- probably
- Product
- Rebrand
- rebranding
- related
- relative
- reply
- Room
- Rule
- scene
- sent
- seriously
- Shiba
- Shiba Inu
- signals
- So
- soar
- Still
- Stop
- support
- supportive
- taking
- that
- The
- There.
- things
- this
- this year
- to
- token
- Trading
- Transform
- transition
- used
- User
- was
- we
- WELL
- were
- when
- which
- widespread
- will
- with
- working
- would
- X
- year
- years
- zephyrnet