Elon Musk has just shared big news: XChat, a new messaging tool on the X platform (formerly Twitter), is coming soon. It will let people send messages, make audio and video calls, and share files — all with better security.
But what really got people talking was Musk’s mention of “Bitcoin-style encryption.” This caused confusion and started a debate among tech experts and crypto fans.
🗨️ What Is XChat?
XChat is a big upgrade to the old messaging system on X. Musk wants it to be similar to apps like Telegram or Signal, but even better.
Features include:
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Private messages that can disappear
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Audio and video calling
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Sharing all kinds of files
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Better security to protect users
Musk shared this update on June 1, saying it's part of his bigger plan to turn X into an "everything app."
🔐 What Is “Bitcoin-Style Encryption”?
Musk said that XChat will use “Bitcoin-style encryption.” But many experts quickly said that this term is not accurate.
For example, Samson Mow, a well-known crypto expert, explained that Bitcoin doesn’t actually use traditional encryption. Instead, it uses elliptic curve cryptography, which is a special kind of math that helps secure Bitcoin transactions without revealing private information.
So, while Musk’s point was about security, many people want more details about what kind of encryption XChat will really use.
💸 What’s Next? X Money
Right after the XChat announcement, Musk also talked about X Money, a new tool that will let users manage their money directly on the X app.
At first, only a few users will get access (beta testing), but the idea is to make X a place where people can:
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Chat securely
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Send and receive money
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Pay for things
This is similar to China’s WeChat, which combines messaging and payments into one app.
🏆 Competing with Big Apps
By launching XChat and X Money, Musk is challenging other big platforms in both messaging and finance, like:
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WhatsApp and Telegram (for messaging)
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Cash App and PayPal (for money)
If Musk’s plans work, X could become a one-stop app for everything — chatting, sharing files, calling, and sending money.
✅ Final Thoughts
Elon Musk is turning X into much more than just a social media site. With XChat and X Money, he wants to create an app that people use for both talking and banking.
But his use of the term “Bitcoin-style encryption” has raised questions. Experts say it’s not the right term, and they want more clarity.
Still, these new features could change how people message and manage money online.
Disclaimer: This article is for
information only and not financial advice.
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