Tesla billionaire Elon Musk is making waves in the cryptocurrency world by revealing plans to add payments, including Bitcoin, to his social media platform unit, triggering a domino effect in other cryptocurrencies such as Ethereum, XRP and Dogecoin. Musk is looking to compete with cryptocurrency giant PayPal by preparing X to process financial transactions.
Platform These strategic moves suggest that Musk is positioning his platform to take on PayPal in the digital transactions space. The news has captured the attention of the financial market, anticipating a possible earthquake on Wall Street that could affect prices. Musk's announcement reinforces his influence in the world of cryptocurrencies and its ability to significantly impact financial markets.
