A new code related to digital assets has been discovered on the #X platform, suggesting the potential incorporation of crypto payments.
According to a screenshot with updates on X, once known as Twitter, details about so-called "x coins" and "diamonds" were added to the platform's algorithm. This update hints at potential plans to introduce digital payments for its users. However, Elon Musk, the owner of the platform, denied that X intends to create its own token.
Interesting Insights:
The new code might represent a significant development for X, which is reportedly focusing on enabling direct payments between users. Such an integration of cryptocurrencies could have a major impact on the market.
Further Information:
After Musk decided to make the basic code of X open source, users could monitor various updates. X Updates Radar reported a code change that describes a digital asset meant for rewarding users directly on the platform.
Aaron Austin from Altcoin Daily commented, "A new entry named 'x coin' was recorded in the code. There are also references to diamonds and coins, leading some to speculate on a connection with cryptocurrencies."
Key Points:
Musk's past statements about cryptocurrencies have had a profound influence on the market. And even though the latest code update might suggest a native token for the platform, Musk has previously stated that X does not plan to launch its own cryptocurrency.
Aaron Arnold speculated, "Will dogecoin be integrated? What will be the nature of this 'x coin'? Will it be based on Ethereum? And what about Bitcoin? We know how much Elon loves dogecoins, as well as bitcoins and ethereum."
Context:
After securing a financial license for crypto payments, this recent code update is another sign that Musk is genuinely focusing on crypto payment integration, which could signify a major shift for users and herald a revolution in banking and money transfers.
Austin Arnold added, "News about X and cryptocurrencies just keeps piling up. Whether Elon does something with cryptocurrencies or not, it seems he wants to create a multifunctional app, though the main speculation leans towards cryptocurrencies."
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
