Musk plans to launch an encrypted communication app "X Chat", claiming its encryption is "similar to Bitcoin"

Jinse Finance reported that tech entrepreneur and billionaire Elon Musk is about to launch a standalone messaging app called "X Chat," aiming to compete with Telegram and WhatsApp, and it is expected to go live in the coming months. Musk stated on Friday's episode of "The Joe Rogan Experience": "On X, we have just rebuilt the entire messaging system and call it 'X Chat'." He mentioned that he hopes this new messaging app can be released "within a few months," and emphasized that it will not have any "advertising hooks." Musk pointed out that competitors like WhatsApp "know what messages you are sending, so they can push you relevant ads." "But this is actually a huge security vulnerability, because if it knows enough information to show ads, it means it holds a lot of private data," he added. "Hackers could also exploit these 'hooks' to read private messages."