Seems like he is making X his own "payment company" type of thing again. For those who do not know, his first company was X as well, which turned into Paypal, and he sold that company for a lot of money to fund all of this. He is going back to roots again and making X another payment company, meaning that he will work with fiat. If you have been around since his takeover, you will know that people are already making money from it, either from ads or from subscriptions as well, and all of that was paid using fiat and not crypto. I am guessing that he will try to turn it into another paypal, but a better version with "everything app" in his mind.