Emily Walker
The upcoming introduction of Elon Musk’s X Money, also referred to as X Payments, is generating considerable buzz.
Speculations around this payment service are gaining traction after X’s CEO, Linda Yaccarino, confirmed via a New Year’s Eve announcement that it will launch in 2025, alongside X TV and Grok.
Interestingly, entrepreneur Alex Finn has revealed that recently leaked code may indicate an imminent launch of X Money, potentially as soon as today.
Initially, the service may be restricted to 39 states in the US, where X Payments LLC has obtained necessary regulatory approvals.
Will X Payments Incorporate Cryptocurrency?
X Money is designed primarily to allow X users (formerly known as Twitter) to tip creators directly.
This financial mechanism could motivate creators to enhance their content quality and bolster X’s platform, particularly for those not dependent on traditional advertising revenue.
While specific details remain under wraps, Finn has indicated that the platform will support cryptocurrency in a self-hosted space on X.
There’s a growing belief that Bitcoin ($BTC) and Dogecoin ($DOGE) will be among the supported cryptocurrencies, thanks to Musk’s acceptance of $DOGE payments at Tesla and his $1.1 billion holding of $BTC connected to his supercar venture worth $1.19 trillion.
Considering Elon Musk’s support for Web3, backing crypto and even meme coins wouldn’t be unexpected.
Integrating cryptocurrencies could bring significant advantages for users, leveraging its decentralized characteristics and quick transaction speeds. As noted by one X user in response to Finn’s comments, “It offers unbounded potential without needing approval.”
Best Wallet Could Enhance X Money Experience
For users interested in Musk’s payment platform, having a dependable crypto wallet like Best Wallet will be crucial, as utilizing crypto for tipping requires a secure wallet.
Best Wallet aims to capture 40% of the 11 billion non-custodial wallet market by 2026, setting itself apart from competitors like MetaMask through consistent support for presale projects and over 60 blockchain networks.
With its multi-blockchain compatibility and user-friendly design, Best Wallet should align with the needs of X Money users.
A notable advantage is its conversion feature, enabling users to change cryptocurrency into 100 fiat currencies (like $GBP, $USD, and $EUR) and transfer funds easily to their bank accounts. This means creators receiving tips in X Money can swiftly convert their earnings into tangible money for daily use.
For just $0.023375, investors can purchase $BEST tokens and gain a voice in the direction of the Best Wallet ecosystem. Given the potential impact of launches like X Money, it’s no surprise that Best Wallet’s presale has already raised over $6.2 million.
This information should not be seen as financial advice. Always conduct your own research before making significant investment decisions.