X (formerly known as Twitter) has recently launched a dedicated account for its upcoming payment feature, a development that has ignited considerable speculation in the cryptocurrency community. While the specifics of this new payment feature, slated for release in mid-2024, remain undisclosed, the crypto community is abuzz with conjectures regarding the potential inclusion of cryptocurrencies in the platform’s payment system.
The new account, marked by its verified gold badge and an X badge, signals X’s official foray into the realm of financial services. However, no posts or detailed announcements have been made on the account as of yet.
The crypto community’s excitement stems in part from Elon Musk’s history of integrating cryptocurrencies into his business ventures. For instance, Musk’s Tesla has incorporated Dogecoin (DOGE) for payments in its merchandise store. This precedent, along with Musk’s frequent social media mentions of DOGE, has led many to speculate that Dogecoin could be a likely candidate for X’s payment system if cryptocurrencies are to be included.
Crypto researcher Mason Versluis echoed this sentiment among his 169,000 followers on X, expressing excitement over the potential inclusion of cryptocurrencies, specifically those beginning with “X” such as XRP, Stellar (XLM), and XDC.
Similarly, other subtle hints and gestures from Musk and X have been closely analyzed by the crypto community, suggesting an interest in incorporating DOGE in future projects. In one instance, a meme posted by X in October 2023 featuring a dog answering a phone call stirred speculation among Dogecoin enthusiasts about its possible significance.
This speculative atmosphere is further fueled by changes in X’s approach to crypto-friendly content. Some content creators, like Tokenicer, have observed a perceived reduction in payments for crypto-related content on the platform, suggesting shifting priorities since Musk’s takeover.
With Musk’s vision of transforming X into a platform that could handle comprehensive financial transactions, the crypto community remains keenly attentive to any signs or announcements from X that could confirm the integration of cryptocurrencies into its upcoming payment feature.