Is Elon Musk Planning To Abandon Dogecoin In Favor Of XRP For X Payments?
X’s proprietor, Elon Musk, is allegedly contemplating integrating XRP and RLUSD into the social media platform. This marks a shift from rumors that the world’s richest man might combine Dogecoin, given his fondness for the foremost meme coin.
Pundit Claims Rumors of Elon Musk Integrating XRP and RLUSD
In an X post, crypto pundit JackTheRippler claimed that there are rumors that Elon Musk will combine XRP and RLUSD into X. This got here as he shared a video by which the world’s richest man mentioned the social media platform might grow to be half of the worldwide monetary system if completed proper.
This aligns with Elon Musk’s imaginative and prescient to rework X into an ‘Everything App.’ However, it’s price noting that the world’s richest man didn’t point out something about integrating XRP or RLUSD on the social media platform. Musk has solely as soon as commented on XRP, in 2024, when he mentioned he thinks crypto helps with particular person freedom, in response to a query about whether or not the XRP Ledger may very well be built-in into monetary establishments sooner or later.
Before JackTheRippler’s declare about an XRP and RLUSD integration, Dogecoin had been the coin that had been broadly rumored to get built-in into X funds when the funds system launches. This is because of Elon Musk’s fondness for the foremost meme coin, with the world’s richest man referencing the meme coin on a number of events.
However, Elon Musk has by no means confirmed plans to combine Dogecoin or some other crypto asset, together with the altcoin and RLUSD, into X. There has additionally been no confirmed date for the X payments launch, which was anticipated to occur final 12 months. Meanwhile, though Musk has not talked about integrating cryptocurrencies, the world’s richest man seems to be warming to them, particularly Bitcoin.
Last 12 months, Elon Musk admitted that Bitcoin, alongside Dogecoin, was based mostly on power. He then said that one can situation pretend fiat forex, which governments have completed, however that it’s “unattainable to pretend power.”
Musk Likely To Integrate Crypto Into X
Market consultants, corresponding to SkyBridge founder Anthony Scaramucci, have opined that Elon Musk will combine cryptocurrencies into X. In an interview, he mentioned the world’s richest man will construct an excellent app and that he shall be utilizing crypto. However, Scaramucci admitted that he wasn’t positive how Musk would go about it, whether or not he would combine identified cryptos like Bitcoin, XRP, Dogecoin.
He additionally raised the potential for Elon Musk creating his personal coin, like Telegram’s TON, or that it may very well be a stablecoin. In the meantime, X’s Head of Product, Nikita Bier, announced that they’re constructing sensible cashtags that may permit customers to specify the precise crypto asset when posting a ticker. Users will have the ability to faucet these tickers to see real-time pricing for these crypto belongings of their timeline.