Elon Musk, owner of the revamped social media platform X, recently posted a video featuring the X logo, prompting strong reactions from cryptocurrency enthusiasts, particularly the XRP and SHIB communities.
Crypto Community Optimism Grows as Musk's X Logo Fuels Hopes for XRP and SHIB Integration
Crypto users, including prominent figures like @XRPcryptowolf, noted the similarity between X's logo and that of XRP. This resemblance fuels hopes within the XRP community that Musk might consider integrating XRP into his platform.
While XRP supporters are hopeful, the Dogecoin community remains particularly optimistic due to Musk's enduring support for the meme cryptocurrency.
Similarly, SHIB enthusiasts, such as "Shib Bender," reacted positively to Musk's tweet featuring the X logo.
X's Payment Integration
Separately, X Payments, a subsidiary of X, achieved a significant milestone by securing a Money Transmitter License in another US state, bringing the total to 29 states. This positions X to become a key player in online payments within these jurisdictions, with plans to expand further.
Crypto Tipping Features
X already allows users to tip in cryptocurrencies, starting with BTC introduced by former CEO Jack Dorsey in 2021, followed by ETH. Musk's acquisition of Twitter and its transformation into X in 2023 included adding a subscription function, enhancing monetization opportunities for content creators.
While Musk's tweets generate excitement and speculation within crypto communities, the practical implications of X's integration with cryptocurrencies and regulatory challenges remain critical for its future development.