Crypto: X and Dogecoin, an Imminent Merger?

The platform X, formerly known as Twitter, is undergoing profound transformations to become a “universal application.” Among the many features in development, the potential integration of cryptocurrencies, particularly Dogecoin, remains uncertain. Recently, revelations have been made that could change the game and pique the interest of crypto enthusiasts.

The mystery around crypto payments on X

Elon Musk’s social network is making great strides towards the introduction of an integrated payments service, perceived as a potential association between crypto and X (Twitter). This is a key element of its strategy to become an all-in-one app.

To date, the platform has obtained money transfer licenses in 35 U.S. states, including North Dakota, and is awaiting 15 more to be able to launch its payment service nationwide.

Elon Musk, owner of X, has often expressed his support for Dogecoin, fueling speculations about the inclusion of this memecoin in this new payment system. It is said that he holds 20% of the total DOGE supply.

However, despite the enthusiasm of the crypto community, no concrete clues have been found in the development code of X’s payment service.

Here are some key web URLs related to xPayments found in the code. Unfortunately, I wasnt able to make them work. Will have to keep an eye on it in the upcoming releases

• /i/xpayments
• /i/xpayments/onboarding
• /i/xpayments/balance
• /i/xpayments/transactions
•… https://t.co/lRAAKfGIFs

— Swak (@swak_12) August 5, 2024

A user known as Swakshan revealed relevant URLs such as /i/payments/verify-payment-method, suggesting the possibility of multiple payment methods, possibly including Dogecoin.

Nevertheless, the suspense remains. As Mishaboar, a Dogecoin project baron, points out, “no official confirmation exists beyond rumors.”

Dogecoin: Between hope and reality

Dogecoin has always received notable support from Elon Musk, who recently stated he has a soft spot for this memecoin due to his affection for dogs and memes. He displays a complex relationship with cryptos, experts say.

On the other hand, he has shown little interest in Bitcoin and other cryptocurrencies, thereby strengthening the idea that Dogecoin could be the only crypto integrated into X. Despite the lack of official confirmation, the DOGE community remains optimistic.

The recent progress of X in obtaining licenses in states like Illinois, New Mexico, and Oregon are crucial steps towards deploying a complete payment system, potentially including Dogecoin.

According to a survey conducted by the MyDoge Wallet account, the majority of users support the idea of incorporating Dogecoin on the platform, seeing it as a way to facilitate tips and micropayments. This perspective heightens anticipation around the adoption and daily use of Dogecoin.

In May 2021, the price of Dogecoin reached a peak of $0.7376, but it is currently trading around $0.1013.

Key Points:

• X has obtained licenses in 35 U.S. states.
• 15 additional licenses are needed for the national launch.
• Elon Musk has reaffirmed his support for Dogecoin, increasing speculations.

Meanwhile, Elon Musk continues to stir up the crypto world, alternating between promoting Dogecoin and criticizing Bitcoin. He has already hinted that he said NO to crypto on Twitter. The future of DOGE on X remains a captivating enigma for all cryptocurrency enthusiasts.