Speculation Surrounding Dogecoin’s Inclusion in X Payments Grows
The recent creation of the X Payments account on the X platform has fueled speculation about whether or not Dogecoin (DOGE) will be added to the project. This has generated excitement among crypto enthusiasts who believe that DOGE’s inclusion would have a positive impact on the popular meme coin.
X Payments Account Signals Progress in Launching Payment Service
The establishment of the X Payments X account represents another step forward in X’s plan to launch its payment service later this year. Since its creation on January 20, the account has gained over 100,000 followers, including prominent figures in the crypto community.
DOGE Considered a Likely Candidate for Integration
The crypto community eagerly awaits news about which cryptocurrencies will be included in the X payment platform. Given Elon Musk’s affinity for Dogecoin and his ownership of X, many speculate that DOGE is a strong contender for integration. However, neither Musk nor the X team have confirmed these speculations.
X Payments Awaits Full Money Transmitter License
Before launching X Payments, X must obtain a money transmitter license from all US states. Currently, they have acquired this license from 17 states, and once they secure it nationwide, the payment service is expected to take off.
DOGE Already Set to Be Used in Another Musk Project
In the meantime, Dogecoin supporters can take solace in knowing that DOGE’s integration has been confirmed for another of Elon Musk’s projects. Specifically, DOGE will be accepted as a payment method at Tesla Supercharging Stations in Hollywood.
Potential Impact of DOGE Integration on Price
DOGE’s inclusion in high-profile projects could lead to wider acceptance and increased utility for the cryptocurrency. This, in turn, may have a significant impact on DOGE’s price. When X initially announced its payment platform, DOGE experienced a rally in value.
Current Status of DOGE
As of now, DOGE is trading at around $0.0826, experiencing a 3% decrease in the past 24 hours, according to data from CoinMarketCap.
Hot Take: DOGE’s Potential Surge with X Payments Integration
The potential integration of Dogecoin into the X Payments platform has generated excitement and speculation within the crypto community. While no official confirmation has been made, the involvement of Elon Musk and his fondness for DOGE make it a strong candidate. If DOGE were to be included, it could lead to increased adoption and utility for the meme coin, potentially driving its price higher. As we await further news about X Payments and its chosen cryptocurrencies, all eyes are on Dogecoin as it continues to make waves in the crypto world.
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