Elon Musk's "everything app" X (formerly Twitter) has ignited speculation within the crypto community after creating a dedicated account for its upcoming payments feature.
A verified 'X Payments' account surfaces on Jan. 19, aligning with Musk's vision for X as a global financial hub.
Anticipation for Crypto Payment
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X app set to introduce in-app payment services by mid-2024. The crypto community wonders if it will extend beyond traditional fiat currencies.
Musk's Vision for X
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In July 2023, Musk expressed his belief that X will eventually offer the 'ability to conduct your entire financial world.
Musk's Crypto Preferences
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Crypto researcher Mason Versluis expressed excitement about the possibility of "X-starting" cryptocurrencies (XRP, XLM, XDC) and Dogecoin being included.
Musk's Crypto Preferences
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Dogecoin, already accepted for Tesla merchandise purchases, is frequently mentioned by Musk and considered a likely candidate for X payments.
Dogecoin Price is Surging
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Dogecoin's value surges 9%, accompanied by an 18.62% increase in trading volume. Is this because of the recently announced Xpayments?
Xpayments Progress
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X's push for state money transmitter licenses and partnerships with eToro (for crypto/stock trading) point toward a deeper financial services play.
Uncertain Future
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While fiat transactions seem Musk's priority, crypto enthusiasts remain hopeful for eventual integration.
Many Unanswered Questions
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