Talk of Dogecoin being integrated as a payment option on X (formerly Twitter) has been reignited, fuelled by recent leaks and ongoing developments. With Elon Musk at the helm of X and his well-known fondness for Dogecoin, speculation is once again running high.
X Money: A New Payment Platform
X is preparing to launch its payment service, X Money, which could revolutionize online transactions. Recently, tech enthusiast Aaron shared on X a leak that unveiled part of the code, indicating that this payment system is soon launching. In the post shared by Aaron, he said X Money wants to operate across the U.S. Since the company managed to secure payment transmitter licenses in 38 states already, that will be doable.
While X CEO Linda Yaccarino confirmed that X Money will go live this year, entrepreneur Alex Finn pointed out that the service may launch without full approval in all 50 states. The regulatory challenges how X will manoeuvre are a pressing question, but that hasn’t dampened the excitement.
Elon Musk’s Support for Dogecoin
The fact that Elon Musk reportedly likes Dogecoin has ignited the rumour of incorporation with X Money. In a bid to attract more DOGE users, even Musk has adopted radical moves over the years including proposing it be used as an American government efficiency department nomenclature and revealing that he probably uses cryptocurrency within his autobiography.
The dropped manipulation lawsuit against Musk further clears the path for him to support DOGE’s inclusion in X’s ecosystem. As a major advocate, Musk could easily push for this integration, aligning with his vision of transforming X into a comprehensive “everything app.”
Market Reactions and Dogecoin’s Bullish Potential
A possibility of Dogecoin payments on X has once again revived a bullish sentiment over the cryptocurrency. According to KrissPax, crypto analyst, DOGE has been performing well and is likely to gain more if its price exceeds the key levels.
DOGE has already risen more than 25% this January. Analysts say that if Dogecoin closes above $0.422, it could see a massive rally in the coming months.
What’s Next for Dogecoin and X?
The integration of Dogecoin as a payment method on X remains speculative but highly anticipated. As X Money approaches its official launch, the crypto community will closely watch for any official announcements or developments.
