The platform X (formerly Twitter) is about to launch its own payment service called 'X Money' in a limited beta version, according to the latest confirmation from Elon Musk. However, contrary to the expectations of the crypto community, especially Dogecoin fans, there are still no signs that cryptocurrency will be integrated.
X Money – Elon Musk's ambition for a multifunctional digital wallet
In a recent post on Sunday, #ElonMusk – CEO of X and Tesla – confirmed that the X Money payment service would soon be rolled out as a 'limited beta', meaning only a small group of users would be the first to experience it.
Musk emphasized that: 'When it comes to users' savings, one must be extremely cautious.'
Earlier in January, the CEO of X – Mrs. Linda Yaccarino – also shared that X Money would launch in 2024, in collaboration with Visa, allowing users to link debit cards for peer-to-peer (P2P) payments. This feature is expected to transform X into a 'universal application' – where not only communication occurs but also financial transactions similar to Venmo or Cash App.
Dogecoin continues to be absent
Although Elon Musk has repeatedly expressed his fondness for Dogecoin – the famous meme coin that he once called 'favorite for its humor, dogs, and memes' – in this announcement, Dogecoin was not mentioned.
In fact, since Musk acquired Twitter in 2022, there has been much speculation that he would integrate crypto into the platform. However, from the statement made by CEO Yaccarino in January to Musk's latest remarks, there has been no mention of payments using cryptocurrency, including Dogecoin or Bitcoin.
Elon Musk once said that he 'does not actively participate in the crypto world', but still has a fondness for Dogecoin due to its entertaining nature. However, fondness is one thing, and actual implementation remains a big question mark.
What does X Money mean for the crypto market?
The launch of #XMoney is a clear step forward in the ambition to turn X into Elon Musk's 'all-in-one' platform. However, the complete absence of crypto in this payment plan has left many in the cryptocurrency community feeling disappointed.
In the context of the crypto market hoping to be applied more in real life, Musk – one of the most influential figures in this field – not mentioning Dogecoin or any coin could be a signal that crypto is still not a top priority in his payment strategy.
Contact crypto users and the Binance exchange
Although X Money currently does not integrate crypto, if this feature develops successfully, user pressure may drive the expansion into cryptocurrency in the future, especially as X aims to compete with global digital wallet applications.
For users on Binance or those interested in the crypto market in general, this is a clear warning that support from 'big tech' does not always mean immediate crypto integration. Investing in coins like Dogecoin should be based on official information, not just on expectations or implied statements from individuals.
Risk warning
The cryptocurrency market always carries many risks, including strong price volatility, scams, and lack of transparency. Every investment decision needs to be carefully considered. This article does not constitute investment advice, and users should thoroughly research before participating in any crypto project.
