- 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 for its upcoming payments feature, fueling widespread speculation about whether cryptocurrencies will be implemented.
Sponsored
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.
Still, despite the lack of explicit details from X and Elon Musk, the crypto community is 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 . It suggests that the new feature is likely to do so.
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.
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