Twitter (X) Confirms Payment Option Launch Soon – Will Dogecoin (DOGE) Be the Native Currency of the Platform?

X Unveils Plans for Peer-to-Peer Payments, Hints at Cryptocurrency Integration

X, formerly Twitter, is nearing the launch of a peer-to-peer payment feature, solidifying its vision of becoming an "everything app." Initially, X intends to integrate fiat currencies, but its platform suggests the potential for future cryptocurrency integration.

X CEO's Vision: X as the Ultimate "Everything App"

X CEO Linda Yaccarino has announced the upcoming peer-to-peer payment functionality. Speaking at the Cannes Lions International Festival of Creativity, Yaccarino emphasized the company's significant advancements in user utility under her leadership, echoing Elon Musk's vision since acquiring the platform in late 2022.

Foundation for Payments: Licenses and Ambitions

In mid-2023, X acquired multiple licenses to operate as a payment facilitator in the United States, laying the groundwork for its payment system. Yaccarino noted that this move will enhance user experiences on the platform.

Beyond Social Media: The "Everything App" Concept

The "everything app" concept extends beyond social networking. While X will initially support fiat currencies, its system is designed with future crypto payments in mind.

Dogecoin Enthusiasm Sparks Hope for Integration

The announcement of X's peer-to-peer functionality has fueled optimism among Dogecoin enthusiasts, hinting at a future integration of Dogecoin payments. Tesla, owned by X CEO Elon Musk, has played a significant role in boosting DOGE's traction as a payment method.

Speculations and Potential Surge

If X were to adopt Dogecoin as its native payment method, the cryptocurrency could potentially experience a surge due to X's vast user base. Dogecoin's potential as a payment option on the platform suggests its potential to gain further adoption and value.

Elon Musk's Support Bolsters Expectations

Musk's advocacy for Dogecoin and his acknowledgment of holding DOGE have raised expectations that the meme coin may find utility as a payment method on X.

Note:

Neither X nor Elon Musk has confirmed the integration of DOGE or any other cryptocurrency as the platform's native currency. However, Musk's strong support for Dogecoin suggests a higher likelihood of its adoption.