Elon Musk Denies Launching Token, but Crypto Still Key for X.com
In response to a warning about scam coins from a Dogecoin influencer, Elon Musk stated that X.com will never launch a token. However, this does not mean that crypto and finance won’t play a significant role in Musk’s plans for X.com. Here are the key points:
1. Musk previously hinted that DOGE could be used for payments on Twitter Blue, a premium feature.
2. In April, it was revealed that eToro and Twitter were collaborating on something for the rebranded X.com.
3. Twitter Payments LLC has been obtaining licenses in multiple states to act as a money transmitter.
4. A leaked message from Twitter to financial data providers unveiled X’s plans to become a real-time financial data powerhouse.
5. While X may not have its own token, it is well-positioned to integrate payment systems into X.com.
Ultimately, Musk’s favorite cryptocurrencies are DOGE, BTC, and ETH, and these coins are expected to benefit the most from his involvement and the transformation of Twitter into X.com.
Hot Take:
Although Elon Musk denies launching a token for X.com, his interest in cryptocurrencies and their integration into the platform suggests that crypto will continue to play a significant role in his plans for the future. The focus on DOGE, BTC, and ETH indicates that these coins may see increased attention and potential benefits from Musk’s involvement in Twitter’s transformation.
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