Today, Elon Musk once again stirred the digital financial market. In a surprising move, Musk shared a screenshot from the X app (formerly Twitter), which featured a "$" symbol. This quickly led the community to speculate about a new payment feature - "X Payments."
Everything Starts from a “True”
Nima Owji, an application researcher, speculated that the "$" button would allow users to send money directly on the app. In response, Elon Musk simply replied “True,” but that was enough to create a stir in the market.
Immediately, the price of Dogecoin skyrocketed. This is not surprising as Elon Musk has long been a “hardcore fan” of this cryptocurrency. The crypto community also believes that X could expand support for Dogecoin, providing a great opportunity for this meme coin.
Is the “All-in-One” Application Gradually Taking Shape?
Elon Musk has repeatedly expressed his ambition to turn X into an “everything app” like China's WeChat. X is not just a place for communication, but also becoming a hub for all financial activities, shopping, entertainment, and more.
It is noteworthy that X has quietly registered for money transfer licenses in several states in the US, indicating that Musk is preparing the legal groundwork for implementing more powerful financial features.
What Future Awaits Bitcoin and Crypto?
If X truly supports Bitcoin, Ethereum, Dogecoin, and XRP, the cryptocurrency market could witness a price explosion like in 2021. At that time, PayPal's support for crypto had pushed Bitcoin's price skyrocketing. With Musk's influence and the X platform, this could very well repeat, bringing crypto closer to the public.
Notably, Musk has also confirmed that X will not create its own token, which further excites the Dogecoin community. They believe that Dogecoin could become the main “star” of the X Payments ecosystem.
The Crypto Market is on "Supply Crunch" Waiting
Currently, this is just the beginning. Musk has not officially announced details about X Payments or the cryptocurrencies that will be supported. However, it cannot be denied that just a small move from him has been enough to shake the entire crypto market.
Conclusion
We are on the brink of a major turning point in the digital financial market. X Payments is not just a new feature but could also usher in a new era for the use of cryptocurrencies in everyday life.
What do you think about this “blast” from Elon Musk? Is this a golden opportunity for the market or just a “gimmick” to inflate value? Please share your thoughts! 💬✨
DYOR! #Write2Win #Write&Earn $BTC
