- X’s new dedicated account for its payments feature has sparked rumors of crypto support.
- Despite no official confirmation, the community is optimistic that the new feature will integrate crypto payments.
- Slated for mid-2024, Musk’s pro-crypto inclination fuels positive sentiments.
Crypto Twitter is once again amuck with excitement, swirling rumors that Elon Musk and X (formerly Twitter) staff are looking to offer cryptocurrencies through their upcoming payments feature.
Crypto Twitter is Excited About X Payments.
Elon Musk’s X recently created a dedicated account for its upcoming payments feature, fueling widespread speculation about whether cryptocurrencies will be implemented.
While there is anticipation that X will soon introduce in-app payment services by mid-2024, it’s uncertain whether the feature will support crypto payments.
X Payments Account. Source: X Still, despite the lack of explicit details from X and Elon Musk, the crypto community is optimistic about the integration of cryptocurrencies into the upcoming payments app, drawing parallels with Musk’s pro-crypto inclinations and the integration of Dogecoin as a payment option in Tesla’s merchandise store.
Although no official confirmation has been provided regarding whether the new feature will exclusively support traditional fiat currencies or cryptocurrencies, the prevailing sentiment is positive and suggests that the new feature is likely to.
On the Flipside
- X has secured licenses across multiple US states to facilitate peer-to-peer payments.
- X recently struck a deal with eToro to enable users to buy digital assets on the social platform via plugins.
Why This Matters
As a social media giant catering to billions of users, X could significantly propel crypto adoption and forever reshape the industry should it integrate cryptocurrencies into its highly anticipated payments feature.
