Elon Musk, the owner of Twitter, has big plans to change the app completely. He wants to rename it 'X' and make it an 'everything app' that offers a wide range of functions. Musk has already shown the new 'X' branding, and he also plans to change the app's color from blue to black.

The name 'X' has been part of Musk's vision since the late 90s when he founded a payments company called 'X.com', aiming to offer instant, fee-free payments, and other banking services in a simplified way. However, the idea didn't work out back then.

Now, Musk wants to revive his vision and make 'X' a game-changing app that combines payments, social media, and entertainment elements. He believes buying Twitter will accelerate his plan for 'X', but it won't be easy as other social platforms have already tried similar ideas with limited success.

In Western countries, people haven't shown much interest in using social apps like WeChat for payments, unlike in Asian nations where it's more popular. Regulatory challenges and user preferences make it challenging to make 'X' happen in the Western market.

Despite the potential challenges, Musk is determined to make his vision a reality and turn 'X' into the new Twitter. However, some critics believe this approach may not gain much traction and could be seen as a flawed strategy. Only time will tell if Musk's 'X' will become the next big thing or remain a dream.

Musk To Rebrand Twitter As ‘X’, Wants To Combine Payments, Social Media And Entertainment