⚡️💬 NEW - Elon Musk announces "X Chat," an encrypted messaging app using peer-to-peer encryption similar to Bitcoin.

He promises no advertising or data sharing for his messaging service.

"At X, we simply rebuilt the entire messaging system to create what we call 'X Chat.' (...) It uses a peer-to-peer encryption system, much like Bitcoin. It's a very good encryption system; we're testing it thoroughly," said Elon Musk on "The Joe Rogan Experience" podcast.

The app aims to compete with WhatsApp and Telegram by offering enhanced privacy and security.