X Payment System Fuels Dogecoin Payment Rumors
Recent leaks and developments suggest that X’s payment system, tentatively named ‘X Money,’ is on the brink of launch, sparking renewed interest in whether Dogecoin will be integrated as a payment option.
Recent Developments in X Payment System:
– Tech enthusiast Aaron has released a leaked code indicating that X aims to roll out its payment services in the US even before securing licenses in all 50 states. Currently, X holds payment transmitter licenses in 38 states.
– This news follows earlier statements by American entrepreneur Alex Finn, who also predicted that X would launch payments without complete state approval, confirmed by X CEO Linda Yaccarino’s declaration that ‘X Money’ is set to go live this year.
Elon Musk’s Role:
– Elon Musk’s vocal support for Dogecoin has kept the community buzzing with speculation. His autobiography hinted at crypto integration in his envisioned ‘everything app’, now partially materialized through X Money.
– Musk’s influence was further underscored when he named a proposed US department after Dogecoin, indicating his ongoing interest in the meme coin.
Market Implications:
– Crypto analyst KrissPax is optimistic that if Elon Musk integrates Dogecoin into X Money, it could propel DOGE into a bullish phase. He highlights Dogecoin’s current market trend, pointing out a 25% increase in January alone.
– If Dogecoin closes above $0.422 this month, there could be a price surge extending into February.
Current Dogecoin Performance:
– As of writing, Dogecoin trades at approximately $0.39, marking an over 2% rise within the last 24 hours.
The developments around X Money and the potential integration of Dogecoin payments represent a significant moment for both X and Dogecoin, potentially altering the payment landscape and cryptocurrency market dynamics.
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