Elon Musk is working to turn Twitter, now called X, into more than just a social media platform by introducing X Money, a new payment system. This feature will let users send money, tip creators, and even shop directly on the app.
A big question is whether cryptocurrencies will be part of this system. Since Musk is a big fan of Dogecoin, many believe it could be used. Dogecoin is faster and cheaper for transactions than Bitcoin, but it might not handle the massive number of daily users on X without slowing down. Other options like Bitcoin (with upgrades to make it faster), Ethereum, or stablecoins like USDT could also be used.
Stablecoins like USDT are especially appealing because they don’t have the wild price swings of other cryptocurrencies. They’re also easy to use for payments. Musk’s connections to people involved with USDT make this option more likely.
If X starts using crypto, it could make digital currencies much more popular. Millions of X users might try crypto for the first time, which could boost its value and attract bigger investors. However, setting up a system like this isn’t easy. It’s expensive to build, and some people might prefer trusted options like PayPal over X.
There’s also the risk of competition from decentralized platforms that don’t rely on one company. These platforms could appeal to people who prefer more freedom and control over their data.
Whether X Money becomes a big success or just another idea remains to be seen. Either way, it could have a major impact on the future of cryptocurrency.
