X is one of the most prominent names in the digital world. The company which is formally known as Twitter is all set to launch their own subsidiary company.
Although the company has established a few cryptocurrencies previously with an alliance with other companies, the new venture will be completely owned by them.
Needless to say, the news took the crypto market by storm as X has previously successfully made their prominence in this industry. Let’s dig into the details of this story.
X Recently found to have already obtained a licence to trade
The name of this new venture is XBIRD Cryptopayments.
This new business venture comes as an amazing option for crypto buyers. X has already proved to be a prominent name in the industry.
Therefore with this new venture, they raise the anticipation of the buyers even more.
The crypto industry has high expectations with this new launch.
They are assuming it will have a significant impact on the industry.
The company recently announced the establishment of a wholly-owned subsidiary company a few days before obtaining a licence to trade and settle virtual currency.
Talking about the company’s objectives it will take care of the crypto-related transactions of X.
Moreover, we can also expect a further big announcement regarding another major event.
As per the reports X’s found ELON MUSK’s biography will also simultaneously be scheduled to be published on the 12th.
Along with the new company, the biography also has a lot of anticipation among the people.
Because in his biography, he makes two major revelations.
・Elon Musk was funding the development of the DOGE coin.
・He was also considering the creation of social media, including blockchain-based payments.
And the market is watching for more big announcements at the press conference that will coincide with the launch of the biography
Prominent analysts have analyzed that the company will probably announce its own tokens, which it has continued to deny until now.
If announced, it would definitely create a whirlwind in the market.
As of now only time will tell the future of this most anticipated crypto venture.