New code fuels rumors X payments launch may be imminent

As an experienced crypto investor with a keen eye for tech-driven opportunities, I find myself intrigued by the latest rumors surrounding Elon Musk’s X and its alleged payments system, “X Money.” With my background in both technology and finance, I have learned to navigate the often turbulent waters of the crypto space, and this situation is no exception.

While I acknowledge that leaked code does not always equate to an imminent launch, the fact that X has been securing money transmitter licenses across multiple states gives credence to these rumors. If true, it would be a significant move for X, opening up new revenue streams and potentially revolutionizing how content creators are compensated on the platform.

Moreover, Musk’s previous openness to crypto payments in his other ventures, such as Tesla’s support of Dogecoin and its substantial Bitcoin holdings, suggests that cryptocurrencies could play a role in X Money. This is an exciting prospect for me, as I have seen the potential of blockchain technology firsthand and believe it has the power to streamline transactions and reduce costs significantly.

However, it’s essential to remember that X hasn’t confirmed the legitimacy of the leaked code or the timeline for a possible launch. As always in the world of crypto, we must approach rumors with caution and wait for official confirmation before making any investment decisions.

Lastly, I can’t help but joke about the situation: If X Money does launch, perhaps it will come with a built-in “Musk Mode” option, allowing users to pay in Dogecoin at lightning speed! After all, who wouldn’t want their transactions to go from 0 to 100 in the blink of an eye?

Rumors swirl that the imminent release of the recent software code related to Elon Musk’s project “X” might suggest that the payment system, referred to as “X Money,” could be unveiled very soon.

Over the course of time, X Payments LLC has been diligently striving to acquire money transmitter licenses throughout the USA. To date, they have managed to secure these licenses in a total of 39 states.

As a crypto investor, I recently came across what appears to be a screenshot of the latest code, which includes the line: “X Money is not available in your current location”. Given its vague nature, some observers, including American entrepreneur Alex Finn, speculate that it might launch in the United States without securing approval from all 50 states.

On this platform, sufficient funds (X Money) could empower X users to reward content creators with tokens of appreciation. Some predict that digital currencies such as Bitcoin (BTC) and Dogecoin (DOGE) might be incorporated given Elon Musk’s past inclination towards accepting these cryptocurrencies in his other ventures.

In a self-hosted event, Finn clarified that various forms of transactions would contribute to the use of digital currencies. He also emphasized that this method is the quickest means for transferring funds.

“Crypto will probably be a good amount of rails for [X] payments.”

According to a recent post on X, their CEO, Linda Yaccarino, announced that they plan to release X Money in 2025. This announcement was made on December 31.

Nevertheless, it’s unclear if X has authenticated the validity of the leaked source code posted by MacRumors researcher Aaron Perris, nor is it known if an X Money release is about to happen.

Should X’s licensing process be successful in the 39 states where they have secured a money transmitter license, X Money would initially debut in those states first.

Finn pointed out that the payment function isn’t likely to be available right away in Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington, or Wisconsin.

According to Arkham Intelligence, Tesla, Elon Musk’s electric vehicle company, accepts Dogecoin for certain transactions from merchants and owns approximately 1.1 billion dollars in Bitcoin.

2025-01-03 03:03

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