Twitter accelerates financial payments: Launches official XPayments account, Dogecoin (DOGE) surges.

Since Twitter announced that it will launch a dedicated payment feature account in mid-2024, the cryptocurrency community has once again sparked hope for the possible adoption of cryptocurrencies.

Musk's payment dream takes another leap as Twitter obtains payment licenses in twelve US states.

Crypto Community Buzz: Hope for Coins Starting with X, Dogecoin Surges

After the launch of a dedicated payment account by X, the cryptocurrency community speculates on whether this indicates the integration of cryptocurrencies. Currently, the verified organization account has not posted any content yet, but it has been awarded a gold badge, indicating its association with X.

The community speculates that "any coin starting with X has a chance, right? XRP, XLM, etc.," and Dogecoin (DOGE), which Elon Musk often mentions, has surged more than 10% today.

Possibility of Musk Adopting DOGE

Musk has already adopted DOGE as a payment method in Tesla stores and occasionally mentions it on social media.

Many speculate that if X were to focus on any cryptocurrency, DOGE would likely be the top choice. The crypto community analyzes Musk's and X's past hints, suggesting an interest in DOGE.

Reduced Crypto Attention due to Twitter Ad Revenue Sharing

Opinions online indicate that the possibility of introducing cryptocurrency payments on X Twitter is actually low. This is because, after implementing ad revenue sharing on Twitter, the reach of cryptocurrency-related posts has decreased significantly, reducing the exposure opportunities for cryptocurrency posts. Therefore, it is believed that Twitter intends to distance itself from cryptocurrencies.

Binance Twitter account considers sharing ad revenue, tech journalists earning nearly tens of thousands of dollars per month

Feels like X has cut the payments for crypto content lately

Was getting $40-70 cheques a few months ago & just got one for $16.

Grateful to paid even a cent for what I do, but can’t help but feel crypto related content feels more “hidden” in general than prior months.

— 🥖Tokenicer✲⥃⬢ (@Tokenicer) January 19, 2024

Musk's Vision and the Future of X

Since Musk acquired Twitter in April 2022, speculation about how it will rapidly evolve into a new platform and potentially integrate cryptocurrencies has been ongoing. Overall, X's expansion into payments not only increases excitement in the crypto community but also adds a new topic to the fintech field. Over time, we may witness X becoming a platform that encompasses a wider range of financial services, including potential integration of cryptocurrencies.

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