In a few years, the Twitter platform, today X, has built a reputation in the crypto ecosystem by standing out from other social networks. For many experts, the firm should play an even more important role in the crypto industry, especially since Elon Musk took the reins.
X, a revolutionary force in the industry?
X, formerly known as Twitter, is throwing a wrench into the crypto ecosystem. This name change is not just fanciful. Experts believe it heralds a revolution in the Web 3.0 industry.
Many specialists expect this sector to change in size. Notably because X recently acquired a license for the integration of cryptos into its operations. A breakthrough that heralds a paradigm shift in user engagement in social media.
This is just one aspect of Elon Musk’s aspirations for this platform. The American billionaire sees the latter as a “all-purpose app”, seamlessly integrating social, financial and business features. A perspective which should be based on the approximately 450 million monthly active users of the platform.
Furthermore, we see the platform becoming more and more committed to the integration of cryptocurrencies. This, while it builds a solid community of crypto-enthusiasts. The main figures in the field of Web 3.0 have found a place on X. This allows them to actively shape the trends and news in the sector.
X, future crypto payment system?
Since 2020, the influence of the platform, already evident at the time, has continued to grow. You only have to see the explosion of conversations mentioning cryptos to realize this. In three years, references to them have exceeded one billion messages.
This influence should continue to grow especially when we imagine the prospect of making purchases, transferring funds and receiving crypto payments via X. This future is not as far away as it may seem.
According to several corroborating sources, X is developing a crypto payment system called “Corners”. A project supported by Stripe, the e-commerce giant which, in 2022, processed approximately $817 billion in payments.
To say the least, X, under the leadership of Elon Musk, is poised to become the epicenter of crypto adoption. Its ambitious plans to integrate these assets, supported by Stripe, should make it essential in the industry.
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