Elon Musk’s Xpayments gets closer to launching Mid of 2024.

Elon Musk’s Xpayments Project Sparks Excitement

Elon Musk’s versatile app, previously known as Twitter and now called X, has made a new account just for its upcoming payments feature. This has caught the interest of the cryptocurrency community, making them wonder if cryptocurrencies will be part of the platform.

Many expect the X app to introduce a way to pay within the app by around the middle of 2024. But we’re not sure yet if this feature will let you use cryptocurrencies for payments or if it will stick to regular money. The specific details about using cryptocurrencies for payments are still not confirmed.

• Crypto Community Excitement: This sudden increase has created a lot of talk and excitement in the cryptocurrency community.
• Elon Musk’s Role: The reason behind this jump seems to be Elon Musk and his ambitious project, Xpayments.
• Xpayments Project Overview: Elon Musk’s Xpayments project wants to turn the cryptocurrency X into a super application. This app is expected to provide various services, including financial ones.
• Musk’s Influence: Elon Musk, known for his interest in cryptocurrencies like DOGE and Bitcoin, is actively shaping the crypto world with his projects and statements.

Elon Musk’s ‘XPayments’ Appears on Social Media During License Pursuit

• Spotted on Social Media: On January 19, an account called “XPayments” showed up on a social media platform, indicating Elon Musk’s efforts to get licenses for money transfers in the United States.
• Getting Licenses: Elon Musk’s company has been actively getting licenses for money transfers, although we don’t have all the details about the “XPayments” account.
• Matches Musk’s Plan: The “XPayments” account likely fits into Elon Musk’s big plan for his company “X,” which he bought for $44 billion in 2022. Musk sees “X” as a central place for global financial activities.
• Possibility of Digital Assets: Some experts think that digital assets, like cryptocurrencies, might be part of Musk’s ideas for “X.”
• Focus on Fiat Transactions: Even with the talk about digital assets, Musk has made it clear that the main focus for the “X” project’s technical work will be on regular money transactions (fiat transactions).

Crypto Fan Excited About “X” Coins on X App

On the X app, a person into cryptocurrencies, Mason Versluis, shared his excitement with his 169,100 followers. He’s looking forward to the possibility of seeing cryptocurrencies that start with the letter “X” on the app.

Musk and Dogecoin on X: What’s Happening?

Elon Musk has made Dogecoin (DOGE) an option for payments on Tesla’s store, where Dogecoin’s current value is $0.09. He sometimes talks about Dogecoin on social media. Many think that if X includes any cryptocurrency, Dogecoin would be the top choice.

People who are into cryptocurrencies have been looking at hints from Musk and X, thinking they might be interested in using Dogecoin for new projects. In October 2023, Cointelegraph shared that X posted a funny picture with a dog on the phone. This got the Dogecoin community curious about what it might mean.

Changes in X’s Approach to Crypto Content Payment

Recently, a cryptocurrency researcher named Tokenicer told his 36,200 followers that he believes X is not as interested in content about cryptocurrencies anymore. In 2023, X introduced a way for creators to make money by sharing ads on the app.

He feels that X has lowered the payments for content about cryptocurrencies. Tokenicer explains that a few months ago, he used to get checks for $40 to $70, but the latest one he received was only for $16. This indicates that X might be paying less for content related to cryptocurrencies now.

Platform Boosting Money Services and Adding Trading Features

The platform is working to make its financial services better by getting licenses to handle money, and it has gotten approval in states like Utah. Also, Elon Musk’s popular social platform joined forces with eToro, a trading platform. This partnership allows users to trade both cryptocurrencies and stocks directly within the app.

But, it’s important to know that some of the fancy web3 features on X are being reduced. According to crypto.news, features like NFT profile photos, introduced shortly after Musk bought the company, are no longer available. Additionally, you can’t upload blockchain-based digital collectibles anymore.