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X Launches Dedicated Payments Account, DOGE Surges 10%

Elon Musk's X platform (formerly Twitter) has created a dedicated account for its upcoming payments feature, prompting speculation in the cryptocurrency community about whether cryptocurrencies will be supported.

It is predicted that the X app will introduce in-app payment services in mid-2024. However, it has not yet been confirmed whether this feature will support payments beyond traditional currencies.

While no posts have been made on the account yet, it still carries a gold badge, indicating that it is a verified organization. Additionally, it bears an X badge, indicating that it is linked to X.

In a post on X, cryptocurrency researcher Mason Versluis shared with his 169,000 followers his excitement about the possibility of seeing cryptocurrencies starting with “X” on the app, such as XRP, XLM, and XDC.

Since Musk acquired Twitter in April 2022, there have been many predictions about how quickly it will evolve into a completely new platform and the potential for cryptocurrency integration, based on his ongoing comments over the years. In July 2023, Cointelegraph reported that Musk believes X could eventually be able to give people "the ability to run your entire financial world."

**** Musk has previously incorporated Dogecoin for payment at Tesla stores, and has occasionally mentioned it on social media. Many speculate that this is the cryptocurrency most likely to be included in X if any cryptocurrency is introduced. This led to the price of the DOGE token to surge by nearly 10% on January 21, at one point reaching $0.88.
X Launches Dedicated Payments Account, DOGE Surges 10%
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X Launches Dedicated Payments Account, DOGE Surges 10%

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