{"id":22725,"date":"2023-08-05T04:14:18","date_gmt":"2023-08-05T04:14:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/elon-musk-dismisses-rumors-of-cryptocurrency-hub-on-x-platform-for-now\/"},"modified":"2023-08-05T04:14:18","modified_gmt":"2023-08-05T04:14:18","slug":"elon-musk-dismisses-rumors-of-cryptocurrency-hub-on-x-platform-for-now","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/elon-musk-dismisses-rumors-of-cryptocurrency-hub-on-x-platform-for-now\/","title":{"rendered":"Elon Musk Dismisses Rumors of Cryptocurrency Hub on X Platform, For Now"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Elon Musk has refuted recent claims that his rebranded social media platform, \u2018X\u2019 (formerly Twitter), is considering building a hub for cryptocurrency trading. These reports had emerged, citing various documents and insider sources, and even led to discussions about the possibility of trading digital currencies such as Dogecoin on the platform.<\/p>\n

Reports had previously surfaced that Musk\u2019s X was actively scouting a financial-data titan to construct a trading hub within the app itself. In line with this vision, X was said to have reached out to prominent big data financial providers. They were looking for proposals that included \u201cfinancial content, real-time stock data, and other features\u201d on the app. X promised these financial bigwigs the chance to connect with \u201chundreds of millions of highly-qualified users.\u201d<\/p>\n

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Interestingly, the requests from X did not specify the compensation for integrating into the platform. Instead, they asked potential partners to state how much they could personally commit to the project.<\/p>\n

However, Musk took to Twitter to shut down the rumors, stating, \u201cno work is being done on this to the best of my knowledge.\u201d<\/em><\/p>\n

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X: A Western Super-App?<\/h2>\n

Musk has been vocal about his ambition to turn X into the first Western super-app, taking inspiration from China\u2019s WeChat. WeChat is known for its multi-services such as instant messaging and mobile payments, a model Musk sees value in. In his initial meeting with Twitter employees before the takeover, he outlined his vision:<\/p>\n

\u201cI think that there\u2019s a real opportunity to create that. You basically live on WeChat in China because it\u2019s so useful and so helpful to your daily life. And I think if we could achieve that, or even close to that with Twitter, it would be an immense success.\u201d<\/em><\/p>\n

Musk went on to clarify his intention when rebranding Twitter to X in July. He tweeted about his desire to turn X into a platform where people can manage their \u201centire financial world.\u201d<\/p>\n

Speculation about X integrating the trading of cryptocurrencies still persists. This idea is not entirely out of the blue, given Musk\u2019s evident interest in digital assets like Dogecoin. Adding to the speculation is Binance\u2019s investment<\/a> in Musk\u2019s takeover of Twitter, which could indeed make this integration a tangible reality.<\/p>\n

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350% or 5BTC + 150 Spins!<\/strong><\/strong> <\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

While the creation of a trading hub on X seems to be off the table for now, the platform\u2019s evolution under Musk\u2019s leadership continues to be a topic of intrigue. The fusion of social media with financial services appears to be a strategic long-term goal for Musk, who continues to redefine the boundaries of technology.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Elon Musk has refuted recent claims that his rebranded social media platform, \u2018X\u2019 (formerly Twitter), is considering building a hub for cryptocurrency trading. These reports had emerged, citing various documents and insider sources, and even led to discussions about the possibility of trading digital currencies such […]<\/p>\n","protected":false},"author":5,"featured_media":22726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22725"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22725"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22726"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}