‘A Billion Monthly Users’ And A New iPhone Alternative—Leak Reveals Elon Musk’s Radical Twitter Plan And Boosts The Price Of This Small Bitcoin Rival 300% - Forbes

Elon Musk, Tesla billionaire and Twitter's TWTR mercurial caller proprietor who's inactive amazingly bullish connected bitcoin, has released a roadmap that would spot the app radically overhauled.

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Encrypted backstage messges, long-form posts, a subscription relaunch and payments connected the app are each being worked connected astatine Twitter nether Musk amid wild specultion helium could motorboat an iPhone rival and integrate the meme-based cryptocurrency dogecoin into Twitter.

Meanwhile, Twitter iPhone codification has revealed references of the Signal connection app protocol for encrypted backstage messages, abruptly sending the terms of the Signal-linked mobilecoin cryptocurrency up by astir 300% pursuing a brutal bitcoin and crypto terms clang that could beryllium conscionable getting started.

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"Twitter volition follow the Signal Protocol for encrypted DMs," cyber sluth and exertion researcher Jane Manchun Wong posted to Twitter. "Seeing codification references of the Signal Protocol wrong Twitter's [iPhone] iOS app."

Musk has antecedently heaped praise connected Signal, telling his Twitter followers to "use Signal" implicit the likes of iPhone iMessages, Facebook's Messenger and WhatsApp successful January 2021. Signal's unfastened root protcol and app are developed by the Signal Technology Foundation, which is funded by donations.

Earlier, Musk had posted slides from his "Twitter institution talk," adding that helium thinks helium tin "see a way to Twitter exceeding a cardinal monthly users successful 12 to 18 months."

Musk, who past period bought Twitter for a eye-popping $44 cardinal with plans to crook it into a WeChat-style superapp called X, besides said that if iPhone-maker Apple and Android-developer Google GOOG prohibition Twitter from their app stores helium volition person "no different prime [but to] marque an alternate phone."

Reports that Twitter is readying to usage Signal exertion for its expanded messaging has sent the terms of the tiny bitcoin rival cryptocurrency mobilecoin—which has a marketplace capitalization of $140 cardinal compared to bitcoin's $300 billion—up by astir 300% implicit the past 24 hours.

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Last year, Signal announced that it would statesman rolling retired a payments diagnostic that uses the mobilecoin cryptocurrency, a integer currency akin to bitcoin with added privateness features and designed to amended facilitate person-to-person payments.

Before buying Twitter, messages betwixt Musk and investors revealed helium had considered adding dogecoin and bitcoin's blockchain exertion to the app, pushing up the terms of dogecoin aft it and the wider bitcoin and crypto marketplace suffered an almighty clang (though 1 capitalist has conscionable issued a immense bitcoin terms prediction).