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Cryptocurrency News Articles

X Money: Elon Musk's Payment Platform to Support Crypto, Including Bitcoin and Dogecoin

Jan 03, 2025 at 08:13 pm

The imminent debut of Elon Musk's X Money, also known as X Payments, is sparking widespread speculation. Theories surrounding the payment platform are swirling.

X Money: Elon Musk's Payment Platform to Support Crypto, Including Bitcoin and Dogecoin

Elon Musk’s X Money payment platform is launching soon, and leaked code suggests it could be available in 39 US States initially. X Money will reportedly enable X users to tip content creators, and it might support crypto.

A recent post by American entrepreneur Alex Finn on Twitter has sparked speculation regarding the imminent debut of Elon Musk’s X Money payment platform.

According to Finn, who claims to have analyzed leaked code, X Money could launch as early as today, January 3. However, it may only be available in 39 US States to begin with.

The code also suggests that X Money will be launching with limited state availability, specifically in the 39 states where X Payments LLC, the backbone of X Money, has secured regulatory approval to operate.

X Money Tips for Content Creators

At its core, X Money will reportedly function as a platform for X (formerly Twitter) users to tip content creators.

With financial incentives provided by X Money, creators might be more inclined to produce richer content that enhances X’s offerings – especially those who aren’t reliant on conventional ad revenue models.

The platform’s exact details have not yet been disclosed. Yet, Finn announced it’ll support crypto in a self-hosted X space.

There’s surging suspicion that X Money will support Bitcoin ($BTC) and Dogecoin ($DOGE), owing to Musk’s already accepting $DOGE payments at Tesla. Musk also holds $1.1B $BTC for his $1.19T supercar company.

Considering Elon Musk’s Web3 advocacy, crypto and even meme coin support wouldn’t come as a surprise.

Supporting crypto could also provide huge user benefits, owing to its decentralized nature and speedy processing times. As one X user commented in response to Finn’s post, “No permission needed, no holding back, just pure opportunity.”

Best Wallet to Compliment X Money

Those interested in Musk’s payment platform will need a reliable crypto wallet like Best Wallet.

That’s because you need a good wallet for your crypto before you can use it to tip anyone.

Best Wallet is on track to attract 40% of the 11B non-custodial wallet market by 2026. It sets itself apart from competitors like MetaMask owing to its unwavering support of presale projects and 60+ blockchain networks.

Best Wallet’s multi-blockchain support and user-friendly functionality should meet X Money payment requirements.

Another perk is its off-ramping function. Users can easily convert crypto into 100 fiat currencies (including $GBP, $USD, and $EUR) in their bank accounts. This means content creators being tipped in X Money can easily convert their funds into real-world currency for everyday spending.

For just $0.023375, $BEST token buyers can join the crypto wallet token project and have a say in the Best Wallet ecosystem’s future. Given the radical disruption changes to the game that launches like X Money pose, it’s no wonder Best Wallet’s presale has already raised over $6.2M.

However, this isn’t financial advice. Be sure to always do your own research before making any bold investment choices.

News source:bitcoinist.com

Disclaimer:info@kdj.com

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Other articles published on Jan 07, 2025