As a researcher with a background in cryptocurrencies, I’ve closely followed the developments between X Platform, Elon Musk, and Dogecoin. The latest announcement by “DogeDesigner” (@cb_doge) regarding the expected launch of X Payments later in 2024 has once again stirred excitement within both the crypto community and non-crypto users.
A representative from both X and Dogecoin, going by the moniker “DogeDesigner” on the X social media channel (@cb\_doge), has announced that the X Payment system is projected to become available towards the end of 2024.
As a researcher studying social media trends in the crypto community, I can tell you that the Dogecoin community swiftly reacted to that tweet, joining forces with non-crypto users in eager anticipation of the rollout of this highly anticipated feature on Elon Musk’s renowned “free speech” platform.
Elon Musk does not confirm plans to add DOGE to X so far
As a researcher studying the social media activity surrounding Dogecoin (DOGE), I’ve observed that @cb_doge hasn’t made this announcement out of the blue. Previous statements from this account have generated significant excitement within the crypto community, particularly those with a vested interest in DOGE. These enthusiasts eagerly anticipate the potential integration of their favorite meme cryptocurrency into a popular platform.
Despite Elon Musk, the celebrated figurehead of X, not yet announcing any definitive plans for Dogecoin (DOGE) to serve as its official currency, this news doesn’t dampen the spirits of the dedicated DOGE community.
Musk repeatedly clarified that neither X nor any of his companies intend to develop their own cryptocurrencies, debunking numerous fraudulent schemes peddling “X coins” and speculations about future plans for launching such digital currencies. This action may be a response to the ongoing crackdown by the U.S. Securities and Exchange Commission on altcoins and related crypto trading platforms and wallets.
DOGE army’s hard-to-kill hope
During this time, X Corporation is obtaining necessary licenses to facilitate payment processing in multiple U.S. states. Notably, these licenses cover transactions using cryptocurrencies as well.
It appears that the optimism among Dogecoin supporters hinges on the belief that Elon Musk will eventually declare himself a fan of the meme cryptocurrency and integrate Dogecoin as a payment method on his social media platform.
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2024-05-18 15:32