X Money's Potential Impact On Cryptocurrency Landscape

According to Odaily, X's CEO Linda Yaccarino has confirmed plans to launch X Money this year, a product that could potentially transform the Bitcoin and cryptocurrency sectors. Analyst Alex Finn suggests that X Payments might be introduced without approval from all 50 U.S. states. The platform is expected to utilize or support Bitcoin, stablecoins pegged to the U.S. dollar, or other cryptocurrencies. Finn notes that the use of stablecoins could enhance transaction speed and reduce costs. He further adds that X Payments might support cryptocurrencies in some capacity, potentially making them a significant component of X's payment system.