- According to examinations of Twitter’s website code, the social media platform X (Twitter) might be preparing to launch a new coin for content creators.
- Elon Musk continues his efforts to turn X into an “Everything App,” encompassing everything within a single application.
- In recent days, X obtained a license called Currency Transmission in the state of Rhode Island, US. The significance of this license is that it allows providing crypto wallet services.
According to the latest information, X, the social media platform owned by Elon Musk, might be preparing to launch a new coin.
X Takes Action to Launch a Coin!
According to examinations of Twitter’s website code, the social media platform X (Twitter) might be preparing to launch a new coin for content creators. Today, it was reported that changes were detected in text strings. 21 new text strings were added, while 39 were removed. Among the newly added text strings, there was a clue about the X coin.
BREAKING: #X (Twitter) is planning to launch X coin for content creators. (X codes)
— CO NEWS (@coinotagen) August 30, 2023
This news didn’t come as a surprise to the crypto community. It’s already known that Elon Musk, the owner of X, is interested in Dogecoin and has invested in Bitcoin – Tesla is still a Bitcoin investor. Additionally, X’s interest in launching a coin could align with Elon Musk’s plans for X.
You Might Also Like: Grayscale’s Bitcoin Trust Saw a Solid Surge: Is it Celebration Time for GBTC? Elon Musk continues his efforts to turn X into an “Everything App,” encompassing everything within a single application. Previously, Musk stated that he would execute his 22-year plan to turn X into the most valuable financial institution in the world.
However, this move might not be pleasing to the Dogecoin community; while Elon Musk’s interest in Dogecoin is known, the mention of a new coin could imply that Dogecoin might not be used.
X Obtains Authorization to Launch Crypto Wallets
In recent days, X obtained a license called Currency Transmission in the state of Rhode Island, US. The significance of this license is that it allows providing crypto wallet services. It was expected that X would make a move in the Bitcoin and cryptocurrency market, and this license opens the way for creating crypto wallets.
Although it’s not yet a clear move, X now possesses the authorization to launch crypto wallets. With an impressive user base of 450 million active individuals, Twitter is strategically positioned to integrate crypto payments. This potential integration could reshape the landscape of daily financial transactions using digital currencies.
Integration of Twitter with cryptocurrencies could lead to increased liquidity in crypto markets and potentially contribute to improving the status of cryptocurrencies.
