Talks about the potential integration of Dogecoin payments on the X payment platform have resurfaced following recent developments in the cryptocurrency space. Speculation has been fueled by a leaked code suggesting that the launch of X Money, a payment service by X, is imminent.
Tech enthusiast Aaron recently leaked a code indicating that X plans to launch X Money in the US before obtaining approval in all 50 states. Despite already securing payment transmitter licenses in 38 states, American entrepreneur Alex Finn has asserted that X will proceed with the launch without waiting for full approval.
X CEO Linda Yaccarino has confirmed that the payment service, named X Money, will be launched this year, further igniting discussions within the crypto community about the possibility of Dogecoin integration. This speculation is supported by Elon Musk’s known affinity for Dogecoin and his previous hints at crypto integration in his proposed “Everything app,” which is set to birth the X Money service.
Musk’s influence and support for Dogecoin have been evident, with the billionaire even naming a proposed US institution after the meme coin’s ticker symbol, DOGE. With the manipulation lawsuit against him dropped last year, Musk is in a strong position to advocate for Dogecoin integration on the X payment platform.
Crypto analyst KrissPax has expressed confidence in Musk’s potential to integrate Dogecoin payments when X Money goes live, suggesting that such a move could provide bullish momentum for the meme coin. As rumors swirl about Dogecoin payments on X, DOGE appears to be entering bullish territory once again.
KrissPax noted that Dogecoin’s price action in January mirrors that of May 2024, with the meme coin showing signs of a bullish engulfing green candle on the monthly timeframe. If DOGE surpasses the $0.422 mark by the end of the month, it could pave the way for further price increases in February.
At the time of writing, Dogecoin is trading at around $0.39, up over 2% in the last 24 hours according to data from CoinMarketCap. As the crypto community eagerly awaits further developments on the potential integration of Dogecoin payments on the X platform, all eyes are on Elon Musk and the future of DOGE in the digital payment space.