Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Musk Says X Payment "Not Considering Cryptocurrency" for Now, Dogecoin Dream Shattered?
Original Article Title: "Rumor: Musk X Payment 'Not Considering Cryptocurrency' Dogecoin Plunges, What Is the Truth?"
Original Article Author: DaFi Weaver, BlockTempo
At the beginning of January, the source code for Musk's X platform payment feature, 'X Money,' was exposed, sparking community discussion that X Payment may be launched first in states with licenses. Entrepreneur Alex Finn even predicted that X Payment would somehow support cryptocurrency, further fueling speculation that Musk's long-supported Dogecoin could be the preferred choice.
Musk: Cryptocurrency Will Not Be Used in X Payment in the Near Term
However, today the market was suddenly hit by news that undermined the possibility of X Payment supporting cryptocurrency. Sources pointed out that during a stream test of X, Musk mentioned the topic of X Payment and said:
"Cryptocurrency will not be used in X Payment in the near term because it requires the appropriate licenses, and for now, the focus will be on fiat currency."
However, BlockTempo verified the video and found that Musk was mainly explaining the game mechanics of Exile Pathway 2 and expressed a desire to rank in the Hardcore Leaderboard TOP10. No information related to X Payment was found in the explanation.
It is known that X has so far obtained Money Transmitter Licenses in 39 states in the United States. These registrations are associated with a company called "X Payments LLC" (formerly "Twitter Payments LLC"), which will operate the remittance business of X.
Although the requirements for Money Transmitter Licenses vary from state to state, these licenses generally allow companies to send, receive, and transfer funds for customers nationally and internationally. They also allow for foreign exchange, such as exchanging foreign currency for dollars, and issuing prepaid cards, this definition includes both fiat currency and cryptocurrency. However, if the sources are accurate, it indicates that Musk has not prioritized support for cryptocurrency.
Dogecoin Plunges 11%
Possibly influenced by this news combined with the overall market decline, Dogecoin suffered a severe drop. CoinGecko data shows that Dogecoin plummeted from yesterday's $0.3968 to $0.3473, a cumulative drop of 12.47%, with no sign of recovery as of the deadline.
CEO Teases Launch of X Money This Year
Of note, X CEO Linda Yaccarino indicated in a January 1st tweet that X will be launching X Money in 2025.
“In 2024, X changed the world. Now, you are the media!
In 2025, X will connect with you in unprecedented ways, with X TV, X Money, Grok, and more on the horizon.”
You may also like
Social Graph Ventures: Trends and Opportunities in Stock Tokenization
0G Labs launches a consumer-grade AI development platform based on decentralized infrastructure
Why does SpaceX, with an annual loss of 5 billion dollars and a valuation of 2 trillion dollars, captivate crypto players so much?
Top AI Tokens to Watch in 2026: Which AI Coins Are Worth Accumulating Early?
Looking for the best AI crypto tokens to invest in before the next market cycle? This guide explains what AI coins are, why 2026 could be a key accumulation window, and which infrastructure, AI agent, and data-layer projects may have strong long-term growth potential.
Which AI Crypto Will Explode in 2026? Top AI Tokens With 1000× Potential Worth Watching
Explore the top AI crypto tokens that could surge in 2026. This guide analyzes leading AI infrastructure coins and high-growth low-cap projects with real utility, helping traders identify potential 100× opportunities while avoiding speculative narrative traps.
The "PayPal Mafia" of the AI era, from an internship to a net worth of billions
The Most Crypto-Knowledgeable Fed Chair in History: What Cryptocurrencies Does Kevin Warsh Hold?
X Launches Cashtag, Musk's Super App Most Concrete Landing
Educational | How Can the Average Person Quickly Identify Token Rug Pull and Trading Strategy?
Rhythm X Zhihu Event Guest Announcement, featuring experts from academia, institutions, and individuals covering all aspects of the AI Agent's transformative financial model.
Is It a Dead Cat Bounce or the Bull Market Revival? How Do Traders View It?
Why Can Bitcoin Rise Against the Tide of Turmoil?
OpenAI and Anthropic, both pre-IPO, want to keep brawling
Entry is Revenue, Is YouTube Turning into a Neobank?
NEET Reaches New High, Another Cultural Phenomenon of AI Meme
CROO officially releases the CROO Agent Protocol (CAP), building a decentralized business infrastructure for AI agents
Who is swimming naked, and who is breaking the waves? Analysis Report on the Comprehensive Ranking of Hong Kong Licensed Virtual Asset Trading Platforms (VATP)
Deconstructing RAVE Dealer Control Techniques
Social Graph Ventures: Trends and Opportunities in Stock Tokenization
0G Labs launches a consumer-grade AI development platform based on decentralized infrastructure
Why does SpaceX, with an annual loss of 5 billion dollars and a valuation of 2 trillion dollars, captivate crypto players so much?
Top AI Tokens to Watch in 2026: Which AI Coins Are Worth Accumulating Early?
Looking for the best AI crypto tokens to invest in before the next market cycle? This guide explains what AI coins are, why 2026 could be a key accumulation window, and which infrastructure, AI agent, and data-layer projects may have strong long-term growth potential.
Which AI Crypto Will Explode in 2026? Top AI Tokens With 1000× Potential Worth Watching
Explore the top AI crypto tokens that could surge in 2026. This guide analyzes leading AI infrastructure coins and high-growth low-cap projects with real utility, helping traders identify potential 100× opportunities while avoiding speculative narrative traps.
App