1. "$" Button on X App: Musk shared a screenshot of the X app showcasing a "$" button. App researcher Nima Owji suggested it might be for sending money, to which Musk responded with a straightforward "True."
2. X Payments Vision: Musk plans to transform X into an "everything app," akin to WeChat. X has been acquiring money-transmitting licenses across the United States, reinforcing this vision.
3. Dogecoin Surge: This development excited Dogecoin enthusiasts, fueling the belief that the meme coin could be integrated into X's ecosystem. Musk has previously hinted at Dogecoin's potential role in payments.
4. Cryptocurrency Integration: While speculation includes Bitcoin, Ethereum, and XRP joining Dogecoin, there are no official announcements yet. If implemented, this could revolutionize crypto adoption, reminiscent of PayPal's crypto boost in 2020.
5. No X Crypto Token: Musk has confirmed that X will not launch its own cryptocurrency, which reassures the market and highlights the focus on existing coins.
Is This Legitimate or a Rumor?
The confirmations regarding the "$" button and X's licensing efforts are credible.
However, speculation about specific crypto integrations and market impact remains unconfirmed.
Advice: Stay updated through trusted sources and avoid making financial decisions based on rumors. If implemented, this could mark a major leap for crypto adoption, but official details are still awaited.
