Elon Musk Debunks Rumors: Not Experimenting with Ripple’s XRP (XRP) Payments

• Validator on the XRP Ledger, Vet, has debunked rumors about Elon Musk’s X social media network testing XRP payments.
• The rumors were sparked by a transaction labeled “Musk” on the network, but Vet clarified that no authorization is needed for such labeling.
• While X is expected to launch peer-to-peer payments this year, it remains unclear whether cryptocurrencies will be supported, with Dogecoin being a more likely contender than XRP.

Recent rumors about Elon Musk’s X social media network testing XRP payments have been debunked by Vet, a validator on the XRP Ledger. The rumors were based on a transaction labeled “Musk” on the network, but Vet clarified that no authorization is needed for such labeling.

Debunking the Rumors

The rumors were sparked by a transaction labeled “Musk” on the XRP Ledger. However, Vet clarified that no authorization is needed from Elon Musk or any other entity to label an account in this way. “I can label my account to be by Musk or JPM as well. No proof needed,” Vet stated. This clarification puts to rest the speculation that X, Musk’s social media network, was testing XRP payments.