X Sparks Cryptocurrency Buzz with Upcoming Payments Feature 2024

Elon Musk's X (formerly Twitter), is generating buzz within the crypto community as it gears up for the launch of its payments feature in 2024. The platform has unveiled a dedicated account for this upcoming feature, sparking speculation about the integration of cryptocurrency payments.

While the official launch of in-app payment services on the X app is expected by mid-2024, the crypto community is eager to know whether this feature will extend beyond traditional fiat currencies. The dedicated account, adorned with a gold badge indicating verification and an X badge linking it to X, has yet to make any posts but has set the stage for heightened anticipation.

Crypto enthusiasts, such as Mason Versluis, with a substantial following of 169,000 on X, have expressed excitement about the prospect of cryptocurrencies starting with "X" being featured on the platform. Examples include XRP, currently priced at $0.55, Stellar (XLM) at $0.116, and XDC (XDC). Speculation is rife that Dogecoin (DOGE), particularly favored by Musk, could be a likely candidate for inclusion, given its use for payments on Tesla's merchandise store.

The crypto community has been avidly decoding subtle hints from Musk and X over time. In October 2023, X posted a meme featuring a dog answering a phone call, leading the Dogecoin community to speculate on its significance.

Contrary to the crypto-friendly signals, some observers, like Tokenicer, with 36,200 followers, suggest a shift in X's focus away from crypto content. In 2023, X introduced a revenue-sharing system for ads, enabling content creators to monetize their content on the platform. Tokenicer notes a perceived reduction in payments for crypto content, citing a decrease in earnings from $40-70 to $16. However, the payout system is contingent on the total impressions accumulated by content creators and may vary over time.

Since Elon Musk's acquisition of Twitter in April 2022, predictions abound regarding the platform's evolution into a new entity and the potential integration of crypto. Musk envisions X offering users the "ability to conduct your entire financial world," as reported by Cointelegraph in July 2023. The unfolding developments on X continue to captivate both crypto enthusiasts and industry analysts alike.