Elon Musk’s X App Creates Account for Payments Feature
Elon Musk’s all-in-one app, known as X, has recently created a dedicated account for its upcoming payments feature. This has sparked speculation within the crypto community about the possible integration of cryptocurrencies.
Anticipation for In-App Payment Services
The expectation is that the X app will introduce in-app payment services by mid-2024. However, it is uncertain if the feature will support cryptocurrencies or stick to traditional fiat currencies.
Dedicated Account Details
The newly created dedicated account for the payments feature has a gold badge, indicating its verification as an organization. It also prominently displays the X badge, showing its association with X.
A crypto researcher named Mason Versluis shared the news on X and expressed his hope of seeing cryptocurrencies like XRP, Stellar, and XDC included on the app.
Elon Musk Pushes Dogecoin Payments for Tesla Merch
Elon Musk has already incorporated Dogecoin for payments on Tesla’s merchandise store and occasionally mentions it on social media. This has led to speculation that Dogecoin is likely to be included on X if any digital assets are featured.
Crypto Content Sees a Drop in Revenue on X
Another crypto researcher named Tokenicer believes that X has shifted its focus away from crypto-friendly content. Tokenicer argues that payments for crypto content have decreased recently, with smaller checks being received compared to previous months.
It is worth noting that X’s payout system is based on total impressions, so variations in payments are expected.
X Discontinues NFT Profile Picture Feature
X has discontinued a feature that allowed premium users to use non-fungible token (NFT) images as their profile pictures. This feature, introduced two years ago, was aimed at Twitter Blue subscribers and was seen as a pioneering step in validating the use of NFTs on social media.
However, recent developments indicate that this feature is no longer available on the iPhone version of the Twitter app.
Hot Take: Elon Musk’s X Payments Feature Sparks Speculation Among Crypto Enthusiasts
Elon Musk’s announcement of the upcoming payments feature on his X app has generated speculation and excitement among crypto enthusiasts. The possibility of integrating cryptocurrencies into the app has caught the attention of many, with hopes of seeing popular digital assets like XRP, Stellar, and XDC included.
Additionally, Elon Musk’s previous incorporation of Dogecoin for Tesla payments and references to it on social media have fueled speculation that Dogecoin could be a prominent cryptocurrency on X.
However, some crypto researchers have noticed a drop in revenue for crypto content on X, suggesting a shift away from crypto-friendly content. Despite these developments, the anticipation for the X app’s payments feature remains high as users eagerly await its release.
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