Elon Musk has announced a new messaging platform called X Chat, which prioritizes user privacy and security by utilizing a peer-to-peer encryption system similar to Bitcoin's technology. The app is currently being tested and is expected to launch in the coming months. X Chat will not include advertising hooks or collect user data for targeted advertising, aiming to eliminate privacy risks associated with such practices. It is designed to allow users to send text messages, share files, and conduct audio and video calls. Musk claims it will be more secure than existing messaging platforms like WhatsApp.