‘One 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 by 300%
Elon Musk, Tesla billionaire and Twitters
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Encrypted private messages, long posts, a subscription relaunch and in-app payments are being worked on at Twitter under Musk amid wild speculation that he may launch an iPhone rival and integrate the meme-based cryptocurrency dogecoin into Twitter.
Meanwhile, the Twitter iPhone code has revealed references to the Signal messaging app’s protocol for encrypted private messages, suddenly sending the price of the Signal-linked mobilecoin cryptocurrency up around 300% after a brutal bitcoin and crypto price crash that may just be underway .
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Twitter owner Elon Musk, a bitcoin and crypto investor, has said he would consider launching a new one … [+]
“Twitter Will Adopt Signaling Protocol for Encrypted DMs,” cyber gossiper and tech researcher Jane Manchun Wong posted to Twitter. “Seeing code references to Signal Protocol inside Twitter [iPhone] iOS app.”
Musk has previously praised Signal, says his Twitter followers to “use Signal” over the likes of iPhone iMessages, Facebook’s Messenger and WhatsApp in January 2021. Signal’s open source protocol and app are developed by the Signal Technology Foundation, which is funded by donations.
Previously, Musk had posted slides from his “Twitter company talk,” adding that he believes he can “see a path to Twitter exceeding one billion monthly users in 12 to 18 months.”
Musk, who last month bought Twitter for $44 billion with plans to turn it into a WeChat-style super app called X, also said that if iPhone maker Apple and Android developer Google
Reports that Twitter plans to use Signal technology for its expanded messaging have sent the price of small bitcoin rival cryptocurrency mobilecoin — which has a market cap of $140 million compared to bitcoin’s $300 billion — up about 300% in the last 24 hours.
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The price bitcoin rival mobilecoin, a cryptocurrency linked to the Signal messaging app, has … [+]
Last year, Signal announced it would begin rolling out a payment feature that uses the mobilecoin cryptocurrency, a digital currency similar to bitcoin with added privacy features and designed to better facilitate person-to-person payments.
Before buying Twitter, messages between Musk and investors revealed he had considered adding dogecoin and bitcoin’s blockchain technology to the app, pushing up the price of dogecoin after it and the broader bitcoin and crypto markets suffered an almighty crash (although an investor has just issued a large bitcoin price prediction).
