X Announces Peer-To-Peer Payments
Twitter, now known as X, has made an exciting announcement that could have a significant impact on the price of Dogecoin (DOGE). X revealed its plans for 2024, which include the launch of a peer-to-peer payment system. This move aims to create more opportunities for commerce on the platform and provide users with a seamless experience.
The company has been making strides in innovation, such as the introduction of its AI-powered search assistant called Grok and its ad revenue-sharing program. With these achievements under its belt, X is set to revolutionize 2024 with groundbreaking products and services.
Speculation Surrounding Dogecoin Payments
The announcement of X’s peer-to-peer payments system has sparked optimism among the community that Dogecoin payments will finally be integrated. Influencer @TOPDOGE007 tweeted about X’s P2P payments service, stating that they wouldn’t be surprised if Dogecoin payments are incorporated.
In 2023, X obtained licenses to become a payments facilitator in several US states. Elon Musk, who took over the platform in late 2022, has expressed his intention to make X the preferred platform for payments. Given Musk’s support for Dogecoin and his previous mention of incorporating DOGE payments on X, it is likely that the meme coin will be utilized for transactions.
Alex Lewis, CTO of MyDoge Wallet, also believes that Dogecoin payments will be available on X. He points to X’s application for licenses to hold user balances as evidence of this possibility. Users may soon have both a DOGE balance and a dollar balance on the platform.
The Impact on Dogecoin Price
Anticipation surrounding Dogecoin payments on X has already had a positive effect on the DOGE price. At the time of writing, the cryptocurrency has seen a 7.62% increase in the last 24 hours, trading at $0.084.
Hot Take: X’s Payments System Could Boost Dogecoin
X’s announcement of its peer-to-peer payments system has raised hopes for Dogecoin enthusiasts. If Dogecoin payments are integrated into the platform, it could significantly increase the utility and adoption of the meme coin. With Elon Musk’s support and X’s focus on innovation, many believe that this move could be a game-changer for Dogecoin. As anticipation grows, we may see further upward momentum in the DOGE price. Keep an eye out for updates from X as it moves forward with its plans for 2024.
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