After X (previously Twitter) launched a special account for its anticipated payments feature later this year, cryptocurrency commentators are speculating about the possible cryptocurrencies that may be used.
The “everything app” X, which was once known as Twitter, created a special account for its impending payments function, which has led the cryptocurrency community to further speculate over whether or not cryptocurrencies would be used.
By the middle of 2024, in-app payment services are expected to be available on the X app. The functionality may enable payments using currencies other than conventional fiat money, however this has not been confirmed.
The account hasn’t posted anything yet, but it has the gold badge, which means it has been verified as an organisation. It also has the X badge on it, which indicates that it belongs to X. Nonetheless, a number of cryptocurrency analysts are wondering if cryptocurrency would be supported for the payment feature.
Mason Versluis, a crypto researcher, expressed his enthusiasm to his 169,000 followers on X that he would see crypto on the app that begin with the letter “X,” including XRP, stellar, and XDC (XDC). In the meanwhile, Musk has added DOGE as a payment option on Tesla’s retail site and has made sporadic mentions of it on social media. Many people believe that, should any cryptocurrency be featured on X, this one is the most likely to be.
Over time, the crypto community has deciphered X’s and Musk’s subliminal clues, indicating a possible interest in DOGE for future projects. When X reportedly shared a meme in October 2023 that showed a dog taking a call, the Dogecoin community tried to figure out what it meant.
Tokenicer, a crypto researcher, told his 36,200 followers that he thinks X has moved its focus away from content related to cryptocurrencies. X introduced a revenue-sharing scheme for advertisements last year, enabling content producers to make money off of their work on the app. He said, “It feels like X has stopped paying for cryptocurrency content lately.”
“I was getting $40-70 checks a few months ago & just got one for $16,” he says in his explanation.
It is possible for the payout structure to change between periods, though, since it is determined by the total number of impressions that content providers receive.
Given his constant criticism over the years, since Musk bought Twitter in April 2022, many predictions have been made regarding how quickly it would transform into an entirely new platform and whether or not cryptocurrency will be integrated. According to a July 2023 story, Musk thinks that consumers would someday be able to purchase the “ability to conduct your entire financial world” from X.