$BTC X Super App transformation refers to the process by which Elon Musk's X platform (formerly Twitter) is transitioning from a traditional social media platform to a comprehensive platform that integrates various functions. The specifics are as follows:

Transformation Initiatives

- In terms of financial services: The X platform will launch the "X Money" digital wallet and peer-to-peer payment services in collaboration with Visa, initially in the United States, allowing users to purchase goods, store value, and tip creators, among other things. Additionally, the platform plans to introduce investment and trading features, enabling users to manage their entire financial lives on the platform, and is also exploring the launch of X credit or debit cards.

- In terms of communication features: A brand new X - Chat will be introduced, currently available in beta for paying users, featuring encrypted chat, message auto-destruction, upgraded file sharing, group chat password protection, and other functionalities. In the future, the X ecosystem may further expand to include services like X Mail.

- In terms of video platform: The X platform is attempting to transition from a short text information publishing platform to a video platform and plans to launch a TV application targeting Amazon and Samsung smart TVs, encouraging users to "watch longer videos on a larger screen."

Background of the Transformation

Since Musk's acquisition of the platform for $44 billion, advertisers have largely fled, and advertising revenue accounts for a significant portion of its total income.