Elon Musk says X is launching new 'XChat' messaging system with "Bitcoin-style" encryption.

Elon Musk's X platform is launching a new encrypted messaging service called XChat, which boasts "Bitcoin-style" encryption, end-to-end encryption, disappearing messages, and file sharing capabilities. Here's what we know about XChat:

Ensures only the sender and receiver can read the messages.

Allows users to set messages to self-destruct after a certain time.

Supports sending any type of file, including PDFs.

Enables users to make encrypted voice and video calls without revealing their phone numbers.

Offers advanced chat management and customization features.

Built on the Rust programming language for enhanced security.

Employs "Bitcoin-style" encryption, inspired by Bitcoin's decentralized and secure architecture.

Requires a 4-digit PIN for activation, adding an extra layer of security.

Currently rolling out as a beta version to select iOS users, particularly those on the Premium+ tier.

Will gradually become available to all users, potentially replacing the existing direct messaging system.

Offers similar features to Signal and Telegram, but with added integration with the X platform.

Still in beta, and lack of audits raises some doubts about its security effectiveness.

XChat aims to provide a secure and private messaging experience, aligning with Elon Musk's vision of transforming X into an all-purpose application with payments and other services.#CEXvsDEX101 #TradingTypes101 #SaylorBTCPurchase #TrumpMediaBitcoinTreasury #FTXRefunds $BTC

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