Musk has been preparing for a long time, and X Pay based on the X (Twitter) platform is said to be ready for release at any time!
The X Payments account was registered in January 2024, almost exactly one year ago.
The source of the rumor is that the X platform updated the code of X Payments.
Musk responded that X Payments could be launched at any time.
X CEO Linda Yaccarino, who is directly responsible for this, directly stated that X will connect X TV/X Money with the AI model Grok in 2025~
Focus on video/payment/AI models. This strategy is very similar to WeChat~
And Musk has repeatedly said that he wants to copy WeChat:
It's just that Musk copied it and used cryptocurrency to open up global payments~
Payment business compliance in the United States is particularly troublesome. Under the promotion of such an awesome boss as Musk, X has only obtained payment licenses in 39 of the 50 states in the United States.
Many analysts also believe that Musk may release X money before obtaining payment licenses in all 50 states.
Because Musk is now in charge of the government efficiency department, he has the power to cut departments that he thinks hinder government efficiency. I wonder if he will take this opportunity to remove the threshold for payment licenses.
Musk has supported Dogecoin many times before, and even changed his avatar to Pepe the frog for a few days during the New Year.
According to Musk's pioneering style, it is not impossible to use meme cryptocurrency as a payment medium without a payment license.
Musk had supported accepting Bitcoin for Tesla purchases a few years ago, but Tesla suspended Bitcoin payments in 2021, citing concerns about environmental pollution and saying that Bitcoin mining requires at least 50% renewable energy before it can be reconsidered.
Today, renewable energy accounts for 56.7% of Bitcoin mining, and US policy has fully embraced encryption.
This looks like a good time to get into crypto payments!
