On June 3rd, Elon Musk recently announced on the X platform that his new communication tool XChat has officially launched. XChat supports end-to-end encryption, auto-disappearing messages, sending files in any format, and audio/video calls. The system is built on the high-performance Rust language and uses a "Bitcoin-style" encryption mechanism, emphasizing chain security and user privacy, with a completely new communication architecture.
BiyaPay analysts believe that the biggest difference between XChat and existing encrypted communication tools like Telegram is that its underlying encryption model may draw inspiration from Bitcoin's UTXO thinking, achieving information flow similar to on-chain signature protection. More importantly, it is backed by Musk's "X platform" ecosystem, and is expected to connect with payment, wallet, and asset management services in the future, building a "encrypted social + financial super app".
BiyaPay is also playing a key role in this trend. As a global multi-asset trading wallet, BiyaPay provides safe and compliant withdrawal services, helping users solve common issues like card freezing and restrictions in traditional C2C withdrawals. Users can directly exchange digital assets for fiat currency on the platform, with funds arriving the same day, without worry.
Additionally, BiyaPay's spot and contract trading both achieve zero transaction fees, significantly reducing investment costs, which is especially suitable for high-frequency trading users; at the same time, the platform also supports investing in US and Hong Kong stocks using USDT and other digital currencies, allowing users to enter global markets with one click without a bank account, seizing cross-asset allocation opportunities.
From "Bitcoin-level" communication security to cross-border circulation and investment convenience of digital assets, BiyaPay and XChat represent the real portrayal of the trend of integration between the encrypted world and real life.
