The CEO of the widely known app, formerly Twitter, Elon Musk, has emphatically denied the existence of any plans to create a native cryptocurrency for the platform, now rebranded as X. Speculations about the integration of cryptocurrencies on X have been rife since Musk’s acquisition of Twitter for a staggering $44 billion last year. Particularly, the Dogecoin community eagerly anticipates the implementation of DOGE for micropayments and tipping content creators on the platform. While Musk has introduced a Subscription feature to support creators, it currently facilitates fiat payments. Although rumors about a “Coins” feature had surfaced previously, it is now clear that Musk and X have no intentions to develop their own native cryptocurrency. However, the hope for Dogecoin payments on X remains alive as Musk has not yet addressed this matter publicly, despite expressing his admiration for DOGE in the past.
Musk Denies Creation of X’s Cryptocurrency:
Elon Musk categorically stated that X would never develop its own cryptocurrency, dismissing all rumors surrounding the possibility. This declaration comes amid widespread speculation about the integration of cryptocurrencies on the platform following Musk’s acquisition of Twitter, now rebranded as X. While these rumors have fueled excitement within the Dogecoin community, Musk’s denial puts an end to any immediate prospects of an X-branded cryptocurrency.
The Awaited Dogecoin Payments on X:
Despite refuting the development of a native cryptocurrency, Elon Musk has not addressed the community’s expectations regarding Dogecoin payments on X. Prior to the acquisition of Twitter, Musk expressed his endorsement of DOGE as a viable alternative to Bitcoin and hinted at its potential use for internal payments on the platform. The absence of clarification from Musk has kept the hope for DOGE integration alive among X users and content creators, who eagerly await any updates on this matter.