What cryptocurrencies will Musk's version of 'WeChat Pay' explode?
In the last year of the New Year, CEO Linda Yaccarino mentioned that system X Money will be launched in 2025. In my opinion, this will make 2025 the true starting point for payment in the cryptocurrency space.
Musk has always wanted to turn X into a 'universal app' like WeChat, so his goal with X Payments is very simple - to eliminate the centralization of traditional bank accounts.
Although many platforms now offer credit card payments, such as the bybit cashback card and the bitget premium payment card. In a sense, this can only gain a small reputation within the community, forming a self-entertaining consensus.
However, if Musk's X Payments successfully takes off, connecting usdt/usdc/btc, and even doge/pepe for payments, the disruption this application could bring to the cryptocurrency space may be comparable to the compliance landing of a btc etf.
In fact, this is not Musk's first attempt. As early as 2023, he obtained money transfer licenses in 38 states, including California. However, when applying for a payment license in New York, it was rejected as 'unsuitable.' All of this was hindered after Trump's election, not only because of their strong relationship, but more importantly, Trump's campaign slogan is: deregulation.
In front of Musk, traditional finance may only tremble in fear.
