On January 3, 2025, technology researcher Aaron Perris released a new program code that was suspected to be from X (formerly known as Twitter), in which a line read: "X Money is not available in your state." This information instantly attracted widespread attention and discussion among users, and everyone speculated that X's payment function might be launched in the near future.
In fact, before the rumors of code leaks, Linda Yaccarino, CEO of X, confirmed on New Year's Day 2025 that a payment function called "X Money" would be launched in 2025. The function is designed to provide users with convenient fund transfer and reward services. Although X has not yet made an official response to the code leak, this confirmation adds more credibility to the prospects of X Money.
According to relevant reports, X Payments LLC has currently obtained money transmission licenses in 39 states in the United States, but there are still 11 states, including Alaska, Hawaii, and New York, that have not completed certification. This means that if X Money is not waiting for approval from all 50 states in the United States, but is launched as expected, it may be launched first in the states that have obtained licenses.
The combination of user expectations and X's plans has led to a keen interest in future payment functions. It is reported that one of the main functions of X Money allows users to directly reward content creators. The market speculates that X Money may integrate cryptocurrency payments to provide content creators with more income opportunities. Cryptocurrency has the advantage of fast and convenient fund transfer, so it is likely to become an important part of X Money.
In this context, Musk's support for Bitcoin and Dogecoin has also led to speculation that these two cryptocurrencies are expected to become options for X payment. Musk's relationship with Dogecoin has always attracted much attention. He has expressed his support for Dogecoin many times on his personal social media, and his company Tesla has also accepted Dogecoin as a payment method for some products. Musk's support has made Dogecoin's popularity continue to rise, and many people believe that it will become one of the official supported currencies of "X Money".
In addition, Tesla also holds $1.1 billion worth of Bitcoin, and President-elect Trump, with whom Musk works closely, is fully supporting Bitcoin and has pledged to establish a national strategic reserve of Bitcoin. Therefore, it is generally believed that Bitcoin has a great chance of becoming one of the officially supported cryptocurrencies, further promoting the widespread use of cryptocurrencies.
However, it is worth mentioning that the venture capital firm Lightspeed made a bold prediction that as of now, Musk has not taken any further action on Dogecoin or other cryptocurrencies, and the X platform may launch a native token. Lightspeed believes that with the rise of Trump, the US has gradually relaxed its regulation of cryptocurrencies, and it is natural for Musk to integrate cryptocurrencies into X, which can provide users of the X platform with a convenient payment method.
In any case, we can see that Musk's interaction with cryptocurrencies is getting closer. If "X Money" is launched as expected and uses cryptocurrencies such as Dogecoin or Bitcoin as payment options, cryptocurrencies will continue to play an increasingly important role in the financial market, and Musk's influence will further promote the development of this trend. This will not only help increase users' awareness of cryptocurrencies, but will also encourage more companies and platforms to accept cryptocurrencies as a means of payment.
At the same time, as the United States and other countries gradually relax their cryptocurrency regulatory policies, market participants will have more development opportunities. The future cryptocurrency market will be more mature, and various innovative payment methods and financial products will continue to emerge. In this context, investors can carefully assess market risks and seize potential investment opportunities.