X (formerly Twitter) Launches Dedicated Payments Account, Crypto Community Speculates Integration

According to Cointelegraph: Elon Musk's "everything app", X (previously known as Twitter), has initiated a dedicated account for its upcoming payments feature, triggering the crypto world to speculate about potential cryptocurrency integration. There's an expectation that the X app will roll out in-app payment services by mid-2024. Whether or not these services will extend beyond conventional fiat currencies is yet unknown. The new account, although presently inactive, flaunts a gold badge, indicating it is a certified organization. It also sports the X badge, suggesting its affiliation to X. XPayments account on X, Jan. 21. Source: X Crypto researcher Mason Versluis expressed his anticipation to his 169,000 followers regarding the potential incorporation of cryptocurrencies beginning with "X" on the app, such as XRP, Stellar (XLM) and XDC. Meanwhile, Musk's preference for Dogecoin (DOGE), demonstrated by its incorporation into Tesla’s merchandise store and occasional mentions on social media, leads some to believe it may be the likeliest crypto candidate for X's feature, if any. Subtle hints and teases over time from Musk and X, insinuating a potential interest in DOGE for future projects, have been closely analyzed by the crypto community. Nonetheless, crypto researcher Tokenicer expressed belief that X's focus seems to have drifted away from crypto-friendly content. In 2023, X implemented a revenue-sharing system for ads, enabling content creators to monetize their creations. Tokenicer noted, however, a significant drop in his crypto content's payment. Predictions about the potential integration of crypto on X have been numerous since Musk's acquisition of Twitter in April 2022, especially considering Musk's frequent commentary on the subject. Musk reportedly believes in X's future capacity to afford users the "ability to conduct your entire financial world."