X’s payment platform, X Money, is shaping up to be a groundbreaking addition to the social media giant’s ecosystem. Announced by X CEO Linda Yaccarino, the feature is expected to launch in 2025, marking a major step in the platform’s evolution beyond social networking. X owner Elon Musk has revealed that X Money will initially roll out as a “very limited access beta” to test the platform’s capabilities before it becomes widely available.
One of the most exciting aspects of X Money is its potential integration of cryptocurrency payments, aligning with Musk’s long-standing interest in digital currencies. While details remain under wraps, crypto enthusiasts speculate that popular tokens like Dogecoin (DOGE), a favorite of Musk, and Ripple’s XRP could be supported on the platform.
If realized, this feature could attract a broader audience of crypto users, transforming X into not just a social platform but a financial hub as well. With its anticipated arrival, X Money could redefine how users interact with social media, combining payments, crypto, and content into a seamless experience.
Is Elon Musk Bringing XRP Payments to X?
X Money has not officially confirmed whether it will support cryptocurrency payments. However, Elon Musk’s strong backing of the crypto industry fuels speculation. Many of his ventures already accept cryptocurrencies like DOGE and Bitcoin (BTC) as payment, leading to rumors that X Money may follow suit. Recently, XRP has also entered the conversation.
According to X user Pumpious, Ripple’s XRP token might soon be accepted as a payment option on X Money, potentially expanding its utility further. XRP has been gaining traction globally, with a significant increase in real-world use cases. The XRP ledger, known for its speed and low transaction costs, is widely used for international remittances.
If X integrates XRP payments, the asset could experience a significant boost in adoption. With over 500 million monthly active users on the platform, increased usage could drive a notable price increase for XRP. Additionally, there are currently 10 XRP ETF applications awaiting approval from the SEC. A combination of ETF approval and X enabling payments could propel XRP’s price to new heights, potentially surpassing the $10 mark.
An ETF could become a reality this year, but it’s still unclear if X will add XRP to its payment feature. Crypto enthusiasts are optimistic that Musk might follow a similar path to his Tesla and SpaceX ventures, both of which support crypto payments. Currently, DOGE and BTC are accepted by many of Musk’s businesses, and Ripple’s XRP token could potentially join the list in the future.
Also Read: 4 Cryptocurrencies That Are Capable Of Becoming The Next Bitcoin
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
