Crypto and Stablecoins Expected on X Money

[AIcash]

Market analysts predict that X Money may prioritize stablecoins over other cryptocurrencies, despite earlier speculation about Dogecoin or XRP. Chamath Palihapitiya noted that the system could allow profits to flow to users rather than the platform, while Teslaconomics highlighted potential features like high-yield savings, loans, money market accounts, and smart cashtags for live stock trading within the timeline.

Elon Musk’s reposts and short “Yeah” response suggest support for these predictions, though no formal confirmation has been made. The beta rollout and secured money transmitter licenses in 40+ US states indicate that X Money could soon enter the highly competitive stablecoin payments market alongside Visa, Stripe, and Meta.

[chainsniff]

beta rollout + licenses in 40+ states… legal drama meets crypto hype, iconic

[ed]

so basically X (formerly Twitter) wants to become a bank now what could possibly go wrong

[JanEmil]

Not sure I will use a system that block accounts posting about crypto.