Elon Musk, Tesla billionaire and Twitter
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Encrypted private messages, long messages, subscription relaunch and in-app payments are all being worked on Twitter under Musk amid wild speculation he could launch an iPhone rival and integrate dogecoin meme-based cryptocurrency in Twitter.
Meanwhile, iPhone Twitter code revealed references to the Signal message application protocol for encrypted private messages, suddenly driving the price of Signal-linked cryptocurrency mobilecoin by around 300% at the time. following a sharp drop in bitcoin and crypto prices that may be just beginning.
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“Twitter will adopt the signal protocol for encrypted DMs,” said Jane Manchun Wong, cyber sluth and technology researcher. job to Twitter. “See signal protocol code references inside Twitter [iPhone] iOS app.”
Musk has already praised Signal, narrative its Twitter followers to “use Signal” on iPhone iMessages, Facebook Messenger and WhatsApp in January 2021. The open-source Signal protocol and application is developed by the Signal Technology Foundation, which is funded by donations.
Earlier, Musk had job slides from his “Twitter company talk”, adding that he thinks he can “see a path to Twitter surpassing 1 billion monthly users in 12 to 18 months”.
Musk, who last month bought Twitter for $44 billion with the intention of turning it into a WeChat-style super app called X, also said that while iPhone maker Apple and Android developer Google
Reports that Twitter plans to use Signal technology for its extended messaging has boosted the price of bitcoin’s small rival cryptocurrency, mobilecoin, which has a market capitalization of $140 million compared to $300 billion for Bitcoin. bitcoin, up around 300% in the last 24 hours.
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Last year, Signal announced that it would begin rolling out a payments feature that uses mobilecoin cryptocurrency, a digital currency similar to bitcoin with added privacy features and designed to better facilitate person-to-person payments.
Prior to buying Twitter, messages between Musk and investors revealed that he considered adding dogecoin and bitcoin blockchain technology to the app, driving the price of dogecoin after that and the broader market bitcoin and crypto suffered an almighty crash (although an investor just released a huge bitcoin price prediction).
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