X (Formerly Twitter) Sets Sights on Payment Revolution
Since announcing plans to launch a dedicated payment feature by mid-2024, X (formerly Twitter) has reignited speculation within the cryptocurrency community about potential crypto integration. The platform's newly verified XPayments account — marked with a gold badge — further fuels these rumors, despite having no posts yet.
Crypto Community Buzz: "X" Coins Gain Traction
Key observations:
- DOGE spikes 10% amid Musk's historical endorsements
- Community theories suggest XRP, XLM, and other "X"-named coins could benefit
- Analysts highlight Tesla's existing DOGE payment integration
👉 Why Dogecoin remains a top contender for X's payment ecosystem
Will Musk Choose DOGE for XPayments?
Elon Musk's affinity for Dogecoin is well-documented:
- Tesla already accepts DOGE for merchandise
- Frequent playful references on his social media
- Crypto advocates argue DOGE aligns with X's "anti-establishment" branding
However, skepticism persists:
Twitter's Ad Revenue Shift Away from Crypto
Recent platform changes suggest a divergence:
- Reduced visibility for crypto-related content
- Smaller revenue shares for crypto creators (per user reports)
- Example: One creator's earnings dropped from $40-$70 to $16 per payout
"Crypto content feels more hidden than in prior months."
— @Tokenicer, January 2024
X's Financial Ambitions: Beyond Cryptocurrency?
Musk's long-term vision for X includes:
- Creator monetization through ad revenue sharing
Expanded fintech services, potentially including:
- Traditional payment processing
- Limited crypto integrations (like DOGE)
- Rebranding toward an "everything app" (X.com)
👉 How XPayments could reshape social media economics
FAQ: XPayments and Crypto Integration
Q: When will XPayments officially launch?
A: Expected mid-2024, though no exact date is confirmed.
Q: Which cryptocurrencies are most likely to be supported?
A: Dogecoin (DOGE) leads speculation due to Musk's history, followed by XRP and XLM.
Q: Has X reduced crypto content visibility?
A: Multiple creators report lower engagement and revenue shares since late 2023.
Q: Could XPayments operate without crypto?
A: Yes — initial rollout may focus on fiat transactions, with crypto as a later addition.
Risk Disclosure:
Cryptocurrency investments carry extreme volatility. Conduct thorough research before participating, as capital loss is possible.