A leak of source code has led to guesses that Elon Musk's X platform might soon launch its payment system, called X Money.
Elon Musk's X platform might soon launch its payment system, called X Money, as per leaked source code. While rumors suggest that the system will integrate dogecoin and Bitcoin, the authenticity of the leaked code and the inclusion of cryptocurrencies in X Money remain unconfirmed by the company.
As rumours of X Money's impending launch spread, so do speculations about its potential features. The leaked code, which was shared by MacRumors researcher Aaron Perris, has a line that reads, “X Money is not available in your state.” This has led some people, like entrepreneur Alex Finn, to believe that the system could be launched in the U.S. without obtaining approval from all 50 states.
Currently, X has secured money transmitter licenses in 39 states. If the rumors are to be believed, the feature will initially not include states like New York, Hawaii, and Massachusetts, among others.
X Money is reportedly designed to enable users to tip content creators on the platform. During a self-hosted X Spaces, Finn stated, “X payments in one way or another will support cryptocurrency,” hinting at the possibility of crypto forming the foundation of its infrastructure. He went on to say that cryptocurrency is one of the fastest methods of sending money, which makes it a logical choice for the system.
These speculations stem from Musk's well-known history of supporting digital assets, particularly his strong affinity for Dogecoin, which earned him the moniker Dogefather.
Tesla, Musk's electric car company, accepts Dogecoin for payments and holds $1.1 billion in Bitcoin, as reported by Arkham Intelligence. Given this background, it's natural to wonder if DOGE will be included in X Money's system when it launches.
Furthermore, if the rumors hold true, X Money would launch in the 39 states where licenses have been obtained. The excluded states include Alaska, Delaware, Indiana, and Vermont, among others. Finn mentioned that further regulatory approvals may delay a nationwide rollout.
However, despite the attention drawn by the leaked code, X has not confirmed its authenticity or shared any details regarding the features of the payment system. As a result, whether popular cryptocurrencies like Bitcoin or even Dogecoin will be a part of the system remains up in the air for now.
