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Musk: An instant messaging app "X Chat" with "Bitcoin-like" encryption features will be launched.
PANews, November 1st news, reported by Cointelegraph, Musk stated in a podcast that he plans to launch an independent instant messaging application called “X Chat” to compete with Telegram and WhatsApp, which is expected to be released in the coming months. “It uses a peer-to-peer encryption system, somewhat like Bitcoin. The encryption works very well; we are conducting comprehensive testing,” Musk added, stating that there will be no “advertising placements.” He pointed out that competitors like WhatsApp “will place ads based on your chat content.”