Changes is a significant feature that a living organism is growing. So it is with a business enterprise. The media waves have been saturated with news of Twitter's rebranding into the X- app. Rebranding or redefining a brand identity is believed to help a brand realign itself with its corporate values and dynamic vision. The rebranding stage of every organization is an opportunity to clearly define what the new values are and get all involved to think in that direction.
Elon Musk claims his Twitter rebranded as "X" would become half of the global financial system if done right. It is clearer that the world's richest man also wants to control the financial system with his X-Everything app earlier conceptualized in 2023. Moving Twitter from a socialmedia only platform to a money making platform and further pushing to make it a financial tool to serve global usage is smart. Musk had earlier said that his "everything app" will be similar to China's WeChat, which combines video chats, messaging, streaming and payments.
The idea about x.com had been reportedly conceived by Musk since 1999 and after 24 years, it looks clearer that he'll be having his dream to transform the banking industry. See Tweet.
In the early hours of today, Elon Musk had already changed the Twitter UI branding and logo to feature "X" instead of the Twitter's bird he inherited. His personal account profile now has the notable "XD" description which has got analysts talking.
While that XD may be an encryption best known to Elon, his recent hype of the Doge coin points to the fact that Elon os interested in Cryptocurrency and may likely put forward another stunt move that would trigger changes in the crypto markets.
Elon's "XD" and a Possible Ripple effect on XRP & DOGE!
With the recent pump of XRP token, analysts are insinuating that Elon's XD description on X app could be a booster for $XRP and $DOGE coins. While those may be speculations, we know the crypto markets move by information manipulations, aside from actual demand/supply. There is always the FOMOing and FUDing at a point.
Sure, many businesses that wer offering Twitter related services would also experience some changes in their operations as well as responses from clients and customers. Twitter is no doubt a huge media force, backed by the world's richest man. Let's see as things play out in th coming days.
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