Elon Musk's transformation of X (formerly Twitter) into an "Everything App" continues to gain momentum. The platform recently established a dedicated user account for its upcoming in-house payment service—sparking widespread speculation within the crypto community about potential cryptocurrency integration.
X Payments: What We Know So Far
- Expected Launch: Industry analysts anticipate X will roll out in-app payment services by mid-2024, though crypto functionality remains unconfirmed.
- Verified Account: The @XPayments handle features a gold verification badge, confirming its official affiliation with X's organizational framework.
👉 Could XRP and DOGE lead the crypto charge on X? Discover more here
Crypto Community Reactions
Pro-XRP Sentiment
Crypto analyst Mason Versluis shared his vision with 169K followers:
"It's only right they enable the X coins... XRP, XLM, XDC etc. I wanna see a MASSIVE crypto integration from X."
Dogecoin Speculation
Given Musk's history with DOGE—including Tesla merch payments—many believe it's the prime candidate for integration. Notable moments fueling speculation:
- October 2023: X posted a meme featuring a dog answering a phone, interpreted by some as a nod to DOGE.
- January 2024: Community members like @doge_albania amplified the discussion through Grok AI-generated content.
Challenges and Skepticism
Tokenicer, a crypto analyst with 36.2K followers, observed:
"X seems to have reduced payouts for crypto-related content—from $40-70 per check months ago to just $16 recently."
Key Factors:
- Payout fluctuations tied to impression metrics
- Platform's shifting focus toward broader creator monetization
The Bigger Picture
Musk's long-term vision for X includes comprehensive financial management capabilities. As he stated in July 2023:
"X will eventually offer an entire financial world for users to manage all their assets."
👉 What could crypto integration mean for X's future? Explore possibilities
FAQ Section
1. When will X Payments launch?
The service is expected to debut by mid-2024, though specific crypto features remain unconfirmed.
2. Which cryptocurrencies are most likely to be integrated?
DOGE leads community speculation due to Musk's endorsement history, while XRP supporters cite naming synergy.
3. How would crypto payments work on X?
Details are scarce, but integration could mirror Tesla's DOGE payment system or introduce novel wallet functionalities.
4. Why are crypto creators earning less on X recently?
Algorithm changes and impression-based payout models may be prioritizing broader content categories over niche crypto topics.
5. Could X Payments challenge traditional banking?
Musk's statements suggest ambitions to compete with legacy financial systems, though regulatory hurdles persist.