Ever since Elon Musk took over Twitter and made it his application as well as implemented a lot of things that he wanted the app to look like it has been a whole different place. It has changed the way it used to even look as well as the way it had previously been operating over so many years and even recently it has even rebranded it and made it completely different and made sure that its identity gets changed.
There have been a lot of additions that Elon Musk did meet sure to implement on the application as well as the website and as a result, we are seeing a lot of activities that didn't use to happen previously but are now a mainstay of this application as well as the thing like subscription-based checkmarks that have been introduced by Elon Musk on the platform is now becoming more and more popular in other applications as well as we can see Instagram too doing the same thing.
There was a big chunk of the audience that was not happy with the action that Elon was taking with the platform and people were complaining that the application is now losing its charm because of the forced changes that Elon is implementing on the platform but regardless he kept on making those changes and as a result, we saw quite of you alternatives of Twitter been started to develop alongside this aspect of people been unhappy with Twitter.
Although it was not much successful as we can see people did move to those Rival platforms like Threads, for example, Instagram even that could beat the userbase that Twitter had gained over so many years which is a very big indication that people do still have the trust in this platform and we still will win to be staying loyal to this platform but at the same time, these new additions that are happening now and then people are now sharing their opinions as if what they are looking forward from Elon to be making those changes and those new additions on the platform.
One of the most requested or most talked about features on the platform is going to be the addition of cryptocurrencies in some sense the platform as we know alone is a very big crypto lover and supporter because of which people are in on the addition of an exchange kind of feature which is going to be available on the platform where there will be end marketplaces as well as the other financial activities that people normally do on exchanges as of now.
This rumor is getting more and more popular in the last few weeks as people are not expecting that to happen anytime soon or an announcement made by Elon himself that cryptocurrencies are going to be added to the platform new features unveiled by Elon himself which was of live streaming on the platform which was long awaited.
And this rumor got so strong and so popular that Elon himself took to the platform to announce the fact that there is no such plan of adding cryptocurrencies in any sense let it be a marketplace with NFT or even an exchange kind of feature that is going to be added in the platform is not in the works as of now.
No work is being done on this to the best of my knowledge
— Elon Musk () August 3, 2023
However, people still believe that a Doge based crypto payment system is at least going to be added to the platform shortly itself because Dogecoin is one of the favorites Elon himself as he is very much focused on means and it is one of the biggest coins in terms of market cap for the meme coins. A few months back alone put the logo of Dodge coin itself in place of the Twitter logo which made sure that the coin did rise about 10% in market value however it was removed and the original logo was replaced in about a week but it shows the interest about Dogecoin with the platform for Elon.
People still do believe that there will be the addition of cryptocurrencies on Twitter itself or X as it is now known because Elon Musk himself is a very ardent Crypto supporter and also a huge believer in this new technology as well as he once had a very big portfolio of a lot of coins and Dogecoin has been one of his favorites is going to be a thing which may be one of the first editions in terms of this crypto-related technology that is going to be implemented on this platform if that happens.
But one of the things that people do need to be thinking about and also talking a lot about is the security of this platform we have seen in the past that Twitter was hacked multiple times and it is quite easy to get compromised as it has happened a lot of times even with prominent users of the platform whose accounts got compromised and the data was simply leaked to the hackers as well as they also use it as many scams were taken place because of this kind of activities which does race a very big question in terms of the security of the platform and applying these financial activities or this financial services on the platform will require a ramp up in the security that they do provide.
It will be very interesting to see how this platform does look in a couple of years if all of these additions get done then it will be a one and all platform as Elon probably thinks it to make as well because, at a single place, you can be able to be doing all of the activities right from these financial activities in cryptocurrency as well as creating content on social media getting the news going in connections with the people you are going to be following as well as a lot of the activities all at a single place.
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