TL;DR
- Mishaboar, a prominent developer in the Dogecoin community, speculates on the integration of cryptocurrency payments on Elon Musk’s X platform.
- Despite indications and licenses obtained by X Payments in several US states, the implementation of Dogecoin payments remains pending.
- The debate over X ‘s payments infrastructure continues, with potential collaborations and divided expectations among Dogecoin enthusiasts.
The emblematic developer of the Dogecoin community, known as Mishaboar, has sparked a new debate about the possible integration of Dogecoin into the X platform, owned by Elon Musk.
Since Musk acquired the social media platform in October 2022, there has been speculation about the possibility of Dogecoin payments being incorporated.
Dear #Dogecoin, with X's new payment branch being awarded more licenses in the U.S., many are speculating about the implementation of crypto payments in the platform.
Last year, Elon mentioned that the first phase of X Payments would not include crypto – I am not sure if this…
— Mishaboar (@mishaboar) March 27, 2024
Despite previous hints given by Musk and other developments, such as X Payments obtaining licenses for money transmission activities in several US states, the implementation of Dogecoin payments has not yet materialized.
In a recent public statement, Mishaboar highlighted the ongoing debate over X ‘s payments infrastructure.
Referencing previous comments from Elon Musk, Mishaboar speculated on the possibility of cryptocurrency payments being introduced in later phases of X Payments.
However, the exact timing and method of integration remains uncertain, and the possibility of collaborations with exchanges or brokerage platforms is suggested.
The debate has expanded with the participation of other Dogecoin enthusiasts
Enthusiasts have expressed both cautious optimism and more moderate expectations about the future deployment of cryptocurrency payments.
Anticipation surrounding the potential integration of cryptocurrencies into Elon Musk’s platform has led to varying predictions among enthusiasts and analysts.
While some foresee a gradual process, wherein integration occurs incrementally over time, others speculate a longer timeline, projecting a span of up to five years for complete implementation.
Meanwhile, X Payments has made significant progress in terms of regulation, obtaining licenses for money transmission activities in three additional US states: Illinois, New Mexico and Oregon.
This expansion enhances X Payments operational capacity, complementing existing licenses in 19 other states.
The possibility of integrating Dogecoin into platforms like X could mark an important milestone in the mainstream adoption of cryptocurrencies, capturing the attention of both experienced investors and blockchain technology enthusiasts.
