#参与年终社区盛典助力，赢周边海量好礼 In early November, the code of Musk's X platform payment feature 'X Money' was exposed, causing a heated discussion in the community. X payment may be launched first in states where it obtains licenses. Entrepreneur Alex Finn even predicted that X payment will support cryptocurrency in some form, further fueling speculation that Musk's long-standing support for Dogecoin may be the top choice.

Musk: Cryptocurrency will not be used in X payments in the near future
However, today there is suddenly news in the market that has hit the possibility of X Pay supporting Cryptocurrency. The source of the news pointed out that when Musk talked about X Pay-related topics during the X Stream test, he said that Cryptocurrency will not be used in X Pay services in the near future because the corresponding license is required, and now the focus will be on fiat currency.

However, after verifying the video, Musk mainly explains the game mechanism of Exile Path 2, and says that he wants to hit the TOP 10 on the Hardcore leaderboard. No information about X payment has been found in the explanation.

It is understood that X has obtained a Money Transmitter License in 39 states in the United States so far, and these registrations are related to a company called 'X Payments LLC' (formerly 'Twitter Payments LLC'), which will operate the remittance business of X.

Although the requirements and privileges for currency transfer service provider licenses vary from state to state in the United States, these licenses typically allow companies to send, receive, and transfer funds for customers nationally and internationally, as well as allowing foreign exchange, such as exchanging foreign currency for US dollars, and issuing prepaid cards. This definition includes legal tender and Crypto Assets. However, if the source is true, it indicates that Musk did not prioritize the support of Crypto Assets.

Dogecoin fell 11%
Or affected by the news, Dogecoin suffered a sharp decline in the market. According to CoinGecko data, Dogecoin plummeted from $0.3968 yesterday to $0.3473, with a cumulative decline of 12.47%. There is still no sign of a rebound before the deadline.

CEO announces X Money to be launched this year.
It is worth mentioning that, X CEO Linda Yaccarino mentioned in a tweet on January 1st that X Money will be launched in 2025.

"In 2024, X changed the world. Now, you are the media! In 2025, X will connect with you in unprecedented ways, XTV, X Money, Grok, etc. will be launched."