#BigTechStablecoin
Elon Musk’s social media platform X has also recently been in touch with crypto companies about integrating stablecoins into its fledgling payments app called X Money, according to three sources. Musk, a former executive at the fintech giant PayPal, has long expressed ambitions about creating an “everything app,” which would potentially include Venmo-like options for users to facilitate peer-to-peer payments. In January, X announced a partnership with Visa to create a digital wallet.
X is currently in talks with payments processor Stripe to potentially integrate stablecoin payments, according to one source familiar with the matter. A spokesperson for Stripe declined to comment.
