Elon Musk Reveals X Money May Launch Soon, Fueling Crypto Speculation
X Money, a key component of Elon Musk's 'super app' vision for X, is nearing launch, sparking crypto speculation.Summary
Elon Musk announced that X Money, intended to transform X into an 'Everything App' handling messaging, shopping, and personal finance, is in internal testing and expected to roll out externally within one to two months. X Money has secured money transmitter licenses in over 40 US states and partnered with giants like Visa. Musk envisions this feature becoming the central source for all monetary transactions, aiming to boost X's monthly active users significantly. This development has fueled speculation among crypto investors regarding potential integration of cryptocurrencies, particularly Dogecoin (DOGE) due to Musk's past comments, or XRP due to X's partnership with Cross River Bank, which uses Ripple's protocol. However, X has not confirmed crypto integration, and neither DOGE nor XRP prices reacted significantly to the launch news.
(Source：BeInCrypto)