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and start innovating yourself. Hi and welcome back to the Elon
Musk podcast where today we'll be discussing musk's ambitious
Vision to turn Twitter into a super app called X and biting
social, media news, payments and even a, I now musk aims to
create a One-Stop platform for users in the u.s. similar to
WeChat in China. While is track record with Tesla
and SpaceX shows his potential to disrupt established
Industries. The challenges of creating a
super app The highly competitive US market with concerns around
regulation and privacy remains significant.
And in this episode, we'll explore the features.
That could potentially Define X as a super app such as stock and
crypto trading integration. And a high-powered services will
also discuss the hurdles that X must overcome, like, research
and development Investments, Regulatory Compliance and
gaining Traction in a fragmented.
A people ecosystem. Now join us as we delve into the
possibilities and challenges of Elon musk's vision for x and
what it could mean for the future of technology in the
United States. Now Twitter informed its
business users on April 18th that Twitter Inc is now X Corp.
It's the latest move and musk's attempt to turn his reluctantly
purchase platform into an everything app called X, along
with the name change, there's the recent news that Either has
partnered with the stock and crypto trading firm and musk
also Incorporated, an artificial intelligence company called x
dot AI, which may be part of is super app plans.
So so-called super apps or everything apps.
As musk is referred to them are apps that offer several
Services, usually, including a payments component, and they're
hugely popular in Asia, though. You can find them in Africa and
Latin America as well. But they haven't caught on in
the US must clearly wants that to change and he wants Twitter
to lead the way the billionaire has said a few things about his
plans and made what appeared to be a few preliminary moves
toward it. But what is Twitter can do with
his dwindling resources and polarizing owner is still very
much in question. So, let's talk about what super
apps are right now. If you're in the u.s. you
probably haven't used a super a before.
It's It's possible. You hadn't even heard of them
before musk started talking about the concept while you
might be familiar with WeChat a Chinese messaging app that then
President Trump tried to ban along with Tick-Tock in 2020, we
chant has 1 Point 2, 6 billion users worldwide as of September
20 21 and it's enormously popular in China.
If you have family there, you probably use WeChat to stay in
touch with them at since its 2011 release.
We chant has become much more than a messaging app for mobile
devices. It quickly expanded it to
payments and gaming WeChat is owned by a Chinese company
called tencent, which is a major player in gaming worldwide and
that it added many programs or third-party apps house within we
chant which vastly expanded, its capabilities these days users
can do just about everything within WeChat, they can hell a
taxi order food Pete. Bill's share videos and even
share their government-issued identification in some
circumstances. They may only be able to access
certain Services through their, we chap accounts and we chap
supplies and it has control of the infrastructure that
underpins this ecosystem and the possibilities are almost
endless. They can build anything they
want on top of it. And for many people in China, we
chant is their entire internet. Now, Jason Wang and Software
design and development, at Gartner describes the concept as
one company. Building an open app for third
parties, to build these many apps, you'd like an Su perhaps
to how Batman and Iron Man have suits with core powers and they
add on regular different gadgets and functionalities to them and
they can remove them as well. He said, you build a super amp,
which is the costume that shell that has some core value, and
then other partners will see value in created.
Additional superpowers for your suit.
Now we chat success has inspired other super apps in Asia and
other continents Ali. Baba's a leap a which began as a
payment service is also popular in China.
Southeast Asia has grabbed which started out as a ride hailing
app and go Jack, which began as a delivery service Africa, super
amps, which include empieza and tempt him.
If similar origin stories as does Latin America's rappy, But
the u.s. along with Canada and Europe, hasn't been able to
produce, a super wrap of its own.
We've seen companies expand the services their apps offer into
other areas, like how Uber or ride-hailing service?
Now offers food delivery and grocery delivery within his
platform. And Microsoft allows third
parties to develop apps within its teams.
Workplace. Now PayPal launches version of
a, super a pint 121, but it hasn't gain much traction in
comparison to its Asian. Parts, several factors have
contributed to the lack of a true, super app in the west.
Now, one reason is the intense competition in the US market
with companies specializing in particular, niches and strive to
maintain their dominance for the more regulatory hurdles and
privacy concerns. Make it difficult for companies
to consolidate user data and offer a wide array of services
under one app. Lastly, the fragmented nature of
the western app, ecosystem. With both IOS and Android
platforms creates additional challenges, for developing a
super app that works seamlessly across all devices.
The musk has a vision for this super app, the X app and is
going to be turning Twitter into the super app and it's ambitious
to say the least, he's hinted at creating a platform that
combines social media news payments and AI all within one
single app on your device. It's a huge order, but if
there's someone capable of pulling it off, it might
actually be Elon Musk. And while the full extent of
musk's plans for X is yet to be revealed.
Some features are already taken shape, the partnership with
stock and trading and crypto firms indicates that the ability
to trade stocked and cryptocurrencies could be
integrated into the platform soon.
Additionally, the acquisition of X data I suggest.
That AI powered features and services may play a significant
role in the app. Now musk's track record with
Tesla and SpaceX is shown as ability to disrupt, establish
Industries and create Innovative transformative Solutions.
However, the challenges of creating a super app in the US
market are numerous and the polarizing nature of musk's
public Persona may. Make it difficult for X to gain
widespread adoption. Now it's ambitious as musk's
vision for X. Maybe there are several hurdles
that need to be overcome for it to become a reality.
First, and foremost, Twitter will need to invest heavily in
research and development, create a seamless, integrated platform
that can support multiple services.
This will likely require collaboration with third-party
developers to create an ecosystem of many apps much like
we chant has done in China. Furthermore Regulatory and
privacy concerns will need to be addressed the concerns
Validation of user data across various Services.
May raise red flags with regulars and X will need to
demonstrate that. It can protect user privacy
while providing the convenience of an everything app.
This may necessitate working closely with Regulators to
ensure compliance, with existing laws and regulations.
Now, gaining Traction in the highly competitive, US market
will be a huge challenge to achieve the same level of we
chant, Anna X will need to offer a truly unique and compelling
user experience and services that sets it apart from other
apps. This will likely involve
extensive marketing and Partnerships to drive user
adoption and killer apps to get people involved.
Now, the vision for X as a super app, is an ambitious and divert
that could potentially transform the way people in the u.s.
interact with technology and their devices.
However, there are numerous challenges to overcome Including
competition, regulation and privacy concerns.
And while musk its track record is suggests.
He might be the one to finally pull this off.
It remains to be seen if x can be successful because there's so
many challenges and it could possibly be the go-to app for
users in the US and possibly Canada in the future.
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