X launches dedicated Payments account, crypto community speculates – Cointelegraph - Total News (2024)

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Elon Musk's “everything app” There is.

X App is expected to introduce in-app payment services by mid-2024. However, it has not been confirmed whether this feature will support payments beyond traditional fiat currencies.

This account has no posts yet, but it has a gold badge to indicate it's a verified organization. Additionally, it has an X badge to indicate that it is associated with X.

However, some cryptocurrency commentators are pondering whether cryptocurrencies will be supported for payment functionality.

In a post about X, cryptocurrency researcher Mason Versluis talked about the possibility that cryptocurrencies starting with “X” such as XRP (XRP), Stellar (XLM), and XDC (XDC) will appear on X. He shared his excitement with his 169,000 followers. App.

In other words, X is building “X Payments”

It makes sense to enable X coin…$XRP $XLM $XDC $XYO etc…

I want to see large-scale cryptocurrency integration from X.

Elon changes the world, sets fire to SEC and banks with this play

— Mason Versluis (@MasonVersluis) January 20, 2024

Meanwhile, Musk has incorporated DOGE (DOGE) for payments at Tesla merchandise stores, and he occasionally mentions it on social media. Many speculate that if there is a virtual currency included in X, it is most likely.

The cryptocurrency community has taken time to analyze subtle hints from Mr. Musk and X, suggesting that there may be interest in DOGE in future projects.

In October 2023, Cointelegraph reported that X posted a meme featuring a dog answering a phone call, prompting the Dogecoin community to decipher its meaning.

I asked Grok @elon musk pic.twitter.com/49tK9t9tT0

— Ɖoge_Albania (@doge_albania) January 20, 2024

On the other hand, virtual currency researcher Tokenicer said, informed His 36,200 followers believe that X has shifted attention away from crypto-friendly content. Last year, X implemented an ad revenue sharing system, allowing content creators to monetize their content within the app.

“Recently, it feels like X has reduced payments for crypto content,” he claims.

He explains, “A few months ago I was getting checks for $40 to $70, and I just got one for $16.”

Related: Elon Musk's X moves closer to crypto payments with new state license

However, the payment system is based on the total amount of impressions accumulated by the content creator, so it can vary from period to period.

Musk's continued comments over the years since his acquisition of Twitter in April 2022 have led to much speculation about the pace at which Twitter is evolving into an entirely new platform and the potential for cryptocurrency integration. Predictions have been made.

In July 2023, Cointelegraph reported that Musk believes X will eventually be able to give people “the ability to run the entire financial world.”

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