Elon Musk's X Application Prepares To Release Payment Features, Crypto Will Be Implemented?
JAKARTA - Elon Musk's "Everything app" application, X (previously known as Twitter), has created a special account for its upcoming payment feature. This Hl sparked speculation in the crypto community about whether cryptocurrencies would be implemented.
There is anticipation that the X app will introduce in-app payment services by mid-2024. However, it has not been confirmed whether the feature will support payments outside traditional fiat currency.
Although there is no post on the account yet, the account that has a gold badge, this indicates that it is a verified organization. In addition, the account carries the X badge, showing its link with X.
In a post on X, crypto researcher Mason Versluis shared with his 169,000 followers about his excitement at the possibility of seeing cryptocurrencies starting with "X" in apps, such as XRP, Stellar, and XDC.
Meanwhile, Musk has combined Dogecoin as a payment method at Tesla merchandise stores, often mentioning it on social media. Many have speculated that Dogecoin will most likely be put into X if any cryptocurrencies are shown.
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The crypto community has analyzed subtle clues from Musk and X over time, showing potential interest in DOGE for upcoming projects.
In October 2023, Cointelegraph reported that X posted a meme featuring dogs answering phone calls, prompting the Dogecoin community to outline its meaning.
Meanwhile, crypto researcher Tokenicer told his 36,200 followers that he believes X has turned his attention away from crypto-friendly content. In 2023, X implemented a profit-sharing system for advertising, allowing content creators to monetize their content in the app.
"It feels like X has cut payments for crypto content lately," he said.
He explained that he "got a check of about 40-70 US dollars a few months ago & just got one of 16 US dollars."
However, the payment system is based on the total impression collected by content creators, so it is likely to vary between periods.
Since Musk acquired Twitter in April 2022, many predictions about how quickly the platform will develop into a fully new platform and the potential for crypto integration, given its years-long ongoing comments.
In July 2023, Cointelegraph reported that Musk believes that X will eventually be able to offer people the ability to "manage your entire financial world."