X Money Teased—Will the Payments System Rewrite the Rules in 2025?

CN
4 days ago

Throughout 2024, reports poured in about X securing money transmitter licenses across the United States. By the year’s end, the company had successfully obtained licenses in 38 states. Elon Musk, the owner of the platform, has periodically hinted at X’s payment system ambitions, and on Dec. 31, Yaccarino reaffirmed that X is making strides toward launching the system.

“In 2024, X changed the world. Now, YOU are the media,” Yaccarino posted. “2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more. Buckle up. Happy New Year!”

Although no official word has confirmed cryptocurrency integration, plenty of signs hint that it could still be on the table. Before Elon Musk took the reins, the platform—then known as Twitter under Jack Dorsey’s leadership—dabbled in cryptocurrency integrations. Elon Musk’s fondness for digital assets like dogecoin (DOGE) has stirred chatter that X Money might feature crypto options. Tesla, also led by Musk, already accepts DOGE for merchandise—an example that might shape X Money’s future direction.

Coinbase CEO Brian Armstrong has floated the idea of using stablecoins like usd coin (USDC) in X’s payment system, following Coinbase’s Travis Bloom pointing out their practicality for transactions. Still, the plans for X Money remain a mystery, sparking a wave of speculation. Some believe X could even launch its own crypto asset or stablecoin to keep things under its roof. Yet, with Musk’s unwavering support for DOGE, many expect it to play a starring role.

As X moves toward 2025, the lack of clear details around X Money leaves much to speculation. While crypto options like dogecoin and stablecoins are plausible, it remains entirely uncertain whether these will be integrated into the system or if Musk’s fondness for digital assets will truly reshape X’s payment ambitions. Until more concrete information emerges, skepticism around these lofty claims is warranted.

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