Breaking news

XChat Launch Marks A Strategic Pivot In X’s Messaging Landscape

On Friday, X introduced XChat, the company’s standalone messaging application, to the public. Initially available on iOS, the app offers an array of features including text messaging, file sharing, audio and video calls, and group chats.

Early Testing And Strategic Vision

The launch follows a period of public beta testing, during which selected users provided feedback on functionality and performance. Insights from this phase helped shape the product beyond basic messaging, with a focus on integrating file sharing, multimedia communication, and compatibility with broader services being developed within X’s ecosystem.

Repositioning The ‘Everything App’

The rollout reflects a shift in strategy. Earlier plans centred on building a single “everything app” that combined messaging, payments, and commerce. The current approach separates these functions into distinct applications. XChat focuses on communication, while other services, including payments, are being developed independently to improve performance and usability.

Security And Privacy Under Scrutiny

At launch, XChat includes features such as end-to-end encryption, PIN protection, message editing and deletion, disappearing messages, and screenshot blocking. X states that the app does not include ads or tracking. However, comparisons with platforms such as Signal have led to ongoing scrutiny regarding encryption standards. Broader adoption is expected to bring further independent evaluation of these claims.

Transitioning Communities And Future Outlook

XChat is expected to replace X’s Communities feature, which is being phased out following low usage and increased spam activity. This transition may support early adoption among existing users who relied on group-based interactions. Benji Taylor indicated that additional updates and features are planned, suggesting continued development beyond the initial release.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

Aretilaw firm
The Future Forbes Realty Global Properties
eCredo
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter