Jump into DOGE price analysis and discover why Doge holders are betting big on a theorized future addition to Elon Musk’s ‘X Payments’ after no mention in the latest regulatory documents.
After much speculation, it seems that users of the social media giant X Payments will not soon be able to send or receive cryptocurrencies on the platform.
$Doge down 50%. Not long till elon incorporates doge into x as payment.
6x to ATH’s see you in 12 months pic.twitter.com/mPPjIfjuf8
— Sam Williams (@SamWilliammss0) June 18, 2024
Musk’s Plans For A Payments Service Are Revealed And Crypto Doesn’t Get A Mention
(DOGEUSDT)
Elon Musk has been a major figurehead for the number one meme coin, Dogecoin, for many years.
This association has seen many crypto enthusiasts suggest that DOGE eventually become a X platform payment option.
However, recent regulatory documents show Musk is indeed planning to launch a payments service, but there is no mention of any digital asset.
X users will not be able to send or receive #cryptocurrencies on the platform in the near future
New regulatory documents suggest that #Musk is focusing on payments service known as X Payments with no immediate plans for #crypto transactions#CryptoNews👇https://t.co/U6HZ9L2aRA— Crypto-00711 (@00711Crypto) June 21, 2024
The documents reveal some details on Musk’s payments service plans. He aims to create a subsidiary called X Payments.
It has already been approved for money transmitter licenses in 28 states, and licenses for the remaining states are being pursued. Early indicators are that X Payments will provide a payment feature akin to Venmo or Zelle for X users.
Even though crypto isn’t mentioned in the reports, that isn’t to say that it can’t or won’t be integrated into the payment service at a later date. At this early stage, the ultimate aim of X Payments is not fully clear from either the documents or statements given by Musk and Twitter CEO Linda Yaccarino.
X told regulators that it is seeking “increased participation and engagement” from users via its payments platform and that fees will be minimal at launch.
On Monday, Yaccarino said in an interview that Twitter’s payments platform is coming “soon,” and that the company’s “financial ecosystem” will start in the United States, before eventually expanding.
Better Opportunity Than DOGE? Pepe Unchained Hits $250,000 In First Few Hours Of Presale
The Pepe Unchained ($PEPU) presale has just kicked off and almost immediately shot above $250,000 raised.
This is an ambitious project, aiming to be the ‘Worlds First Meme Coin Layer 2’.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
It plans to offer instant bridging between Ethereum and Pepe Chain with super low transaction fees across the network. The ultimate aim is to build an ecosystem dedicated purely to meme coins.
The PEPU team are offering a staking incentive to early investors and the current APY is listed at over 16,000%. It is no wonder investors have already stacked a quarter of a million dollars into this project!
To find out more and grab your bag of PEPU, click here.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
