Elon Musk’s latest announcement about X Money’s imminent beta launch has sent ripples through the crypto market, particularly in the meme coin sector. As Dogecoin eyes a potential $3 target amid tightening market patterns, speculation about crypto integration in X’s payment platform is reaching fever pitch.
X Money: A Game-Changing Payment Platform
The announcement reveals that X Money will launch as a peer-to-peer payment service in partnership with Visa. While initial access will be limited during the beta phase, the platform’s potential reach of over 600 million monthly active users has caught the crypto community’s attention.
Crypto Integration Possibilities
While neither Musk nor X CEO Linda Yaccarino explicitly mentioned cryptocurrency support, several factors suggest potential integration:
- Tesla’s existing acceptance of DOGE for merchandise
- Musk’s long-standing support of Dogecoin
- X’s goal of becoming an ‘everything app’
Market Impact and Investment Opportunities
The news has already begun affecting various meme coins, with several projects showing significant potential for growth. As Bitcoin tests the $109K level, meme coins could see increased volatility and trading volume.
FAQ
When will X Money launch?
The beta version is expected to launch in late 2025, with initial access limited to select users.
Will X Money support cryptocurrency?
While not confirmed, industry experts including Anthony Scaramucci believe crypto integration is likely in future updates.
How might this affect meme coin prices?
Historical data shows that Musk’s platform updates often correlate with significant meme coin price movements.
Disclaimer: This article does not constitute financial advice. Always conduct thorough research before making investment decisions.