Tag: wechat

After banking features, what else is Elon Musk planning to bring to X? Know them all
31Oct By adminNo Comments
Technology

After banking features, what else is Elon Musk planning to bring to X? Know them all

[ad_1] X (formerly Twitter) is going to get quite a few banking and finance features in 2024, and they will include payment-related features too. That is the intent Elon Musk has expressed often. As such, those who are wondering about the connection between financial services and social media should not be surprised, as company owner Musk has said that he plans to turn X into an “everything app”, much like China's WeChat and Alipay. But an everything app does not just have payments, it is also required to have a lot of other services as well. So, what exactly is Musk planning to bring to X? Let us take a look.New services and features that can soon come to XAmong the first could be a news distribution service. According to a report by Bloomberg, the service will be called XWire, and it ...
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Affirm CEO Sees Little Appetite in the US for Elon Musk’s Everything App
29Jul By adminNo Comments
Technology

Affirm CEO Sees Little Appetite in the US for Elon Musk’s Everything App

[ad_1] Elon Musk's vision of an everything app that includes banking capabilities may not be what Americans are looking for, said Max Levchin, who co-founded PayPal Holdings Inc. with the world's richest man.“I do think that the everything app worked really well in a place, in a time, in a different country,” Levchin, now chief executive officer of financial-technology firm Affirm Holdings Inc., said Friday on Bloomberg Television. “I don't think the US consumer is looking for a version of a Tencent product.” Musk wants Twitter, which he bought in 2022, to be more like Tencent Holdings Ltd.'s WeChat, a messaging service that also allows users to send each other funds, pay for goods and services and borrow money. The app is used daily by more than a billion people in China, but attempts ...
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Why Musk’s ‘X’ will struggle to become a Chinese-style super-app
27Jul By adminNo Comments
Technology

Why Musk’s ‘X’ will struggle to become a Chinese-style super-app

[ad_1] Elon Musk is rebranding his Twitter platform as "X" and wants to create a super-app where users will do all their finances as well as their socialising.His inspiration is China's WeChat, which dominates the Chinese internet with chat, payments, games and a host of other functions in its walled garden. Musk has hinted that this kind of "everything app" is his goal for the X platform but experts reckon he will struggle. - What is WeChat? -The app was launched by China's big tech behemoth Tencent in 2011 to replace an earlier desktop chat program called QQ.It is used by almost everyone in China and weaves together messaging, voice and video calling, social media, mobile payment, games, news, online booking and other services.It passed the one-billion-account mark in 2018, with most ...
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More than 60% of world now on social media: study
21Jul By adminNo Comments
Technology

More than 60% of world now on social media: study

[ad_1] Nearly five billion people, or slightly more than 60 percent of the world's population, are active on social media, according to a recent study.That represents an increase of 3.7 percent over the past year, according to calculations by digital advisory firm Kepios in its latest quarterly report. The number of social network users is approaching the number that use the 5.19 billion which use the internet, or 64.5 percent of the world population. There are major differences between regions. Only one person out of 11 in east and central Africa use social media. In India, now the world's most populous nation, the figure is one out of three.The amount of time spent on social media has also increased, by two minutes to 2 hours and 26 minutes per day. Here again there are large disparit...
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Crypto feeds on AI hype as Tech offers new uses for blockchain
25Jun By adminNo Comments
Technology

Crypto feeds on AI hype as Tech offers new uses for blockchain

[ad_1] New lawsuits filed by the US Securities and Exchange Commission against Coinbase Global Inc. and Binance Holdings Ltd. have raised serious questions about the future of crypto.As digital assets face mounting regulatory pressure and other market headwinds, they have also been dethroned as the latest technology fad. When OpenAI launched its ChatGPT bot in November, it paved the way for practical uses of artificial intelligence. Since then AI has captured the attention of founders and investors — the same folks that fueled the crypto boom. AI may have stolen the limelight, but some crypto enthusiasts say it can provide new opportunities to the blockchain industry. “You may actually see a situation where AI is sort of a catalyst to rush back to blockchain,” said Adam Struck, founder ...
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Twitter to focus on video, commerce in business revamp – investor presentation
18Jun By adminNo Comments
Technology

Twitter to focus on video, commerce in business revamp – investor presentation

[ad_1] Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters.Yaccarino, who started as CEO on June 5, told Twitter investors on Thursday that the company is in early conversations with political and entertainment figures, payments services and news and media publishers on potential partnerships, said a source familiar with the matter, who spoke on condition of anonymity to discuss a private investor call. The presentation was Yaccarino's first time addressing the company's investors, the source said. After Musk acquired Twitter in October, the social media firm faced months...
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