Elon Musk, the tech icon known for his audacious ambitions, had his sights on a new conquest: transforming X, the rebranded Twitter, into an “everything app” similar to the Chinese powerhouse WeChat.
Elon Musk’s ambitious vision for X, the rebranded Twitter, is taking another concrete step with the creation of a dedicated account for its upcoming payments feature. This move has ignited fervor within the crypto community, who are eagerly scrutinizing the details for any hints of potential cryptocurrency integration.
While the anticipated launch of in-app payments by mid-2024 is confirmed, X has remained tight-lipped about whether the feature will encompass anything beyond traditional fiat currencies. The dedicated account itself offers scant clues, but its verified status and association with X fuel speculation.
Cryptocurrency Enthusiasm
On the crypto side, excitement simmers. Prominent researcher Mason Versluis, with a large following on X, openly anticipates the inclusion of crypto starting with “X,” such as XRP. He believes that it would be a logical step for X to embrace cryptocurrencies, given Musk’s vocal support for the industry.
However, others like Tokenicer express concerns about X’s diminishing support for crypto content, pointing to a recent drop in his monetization payouts. He attributes this to a shift in platform priorities, highlighting a potential disconnect between Musk’s personal crypto enthusiasm and X’s current trajectory.
Dogecoin as a Contender
Meanwhile, Musk’s existing incorporation of Dogecoin (DOGE) for Tesla merchandise purchases, coupled with his past crypto endorsements, casts DOGE as a strong contender for potential inclusion in X’s payment feature, should crypto ultimately make the cut.
Musk’s Vision for the Future for X as Everything App
Elon Musk’s consistent vision for X as an “Everything App” with integrated financial services has fueled speculation about its future as a potential financial hub. In July 2023, Cointelegraph reported Musk stating that X could one day allow users to “conduct your entire financial world” within the platform.
As analysts and the crypto community dissect these breadcrumbs, only time will tell what shape X’s upcoming payments feature will take, and whether it will usher in a new era of crypto integration within the “everything app.”
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