💰Will Musk's X Money Dominate the US Payment Market?❎❎❎
❎According to Benzinga, Elon Musk is reportedly preparing to introduce "X Money," a new Bitcoin and cryptocurrency feature on the rebranded platform X, formerly known as Twitter. A leak from influencer Alex Finn and MacRumors researcher Aaron Perris suggests that "X Money" could launch without requiring approval from all 50 states, potentially enabling creators to earn more money immediately. X CEO Linda Yaccarino has mentioned that payment features, including "X Money," will be integrated into the platform by 2025, aiming to transform X into an "everything app" similar to WeChat.
❎Support for cryptocurrencies could trigger a Bitcoin price rally, much like PayPal’s crypto integration in 2021. Currently, Bitcoin is priced at $101,710, with a 2.34% increase in the last 24 hours. Musk’s influence in the cryptocurrency market remains significant, as seen in previous events where his actions affected the value of meme coins.