Despite being a prominent fan of cryptocurrencies like Dogecoin, X owner Elon Musk has no plans to launch his own currency on the social media platform, formerly known as Twitter.
Musk broke the news in a post on X on Wednesday night, which is his preferred method of communication, noting that the team was focused on offering financial services with real money.
That doesn’t necessarily mean X will shun crypto entirely. Earlier this week, X received a license from Rhode Island to host cryptocurrency transactions on its platform. It already has similar licenses in six other states.
The billionaire also stated that video and audio calls were coming to X, although he didn’t specify a launch date. The announcement was initially made by X CEO Linda Yaccarino in early August, who noted at the time that the feature would allow X to compete with other platforms like Facebook, which has offered video calling for years.
Musk explained that no phone number would be needed to make calls, which would work on iOS, Android, Mac, and PC.
“X is the effective global address book,” Musk said.
Digital payments and calls are just some of the features Musk has said X will offer.
The X owner aims to transform the platform into an “everything app,” similar to Tencent’s WeChat in China. WeChat allows users to essentially manage their entire world on the app, functioning as a social network, financial services app, and travel booker, among many others.