The recent creation of the X Payments account on the X (formerly Twitter) platform has sparked further speculation as to whether or not Dogecoin (DOGE) will be included in the project. As speculations continue, there is excitement in the air as to how inclusion will be bullish for the foremost meme coin.
Another Step Closer To Unveiling X Payments The creation of the X Payments X account is another step in X’s plan to launch its payment service, which is expected to go live this year. The account, which was created on January 20, already has over 100,000 followers, with some respectable names in the crypto community among this figure.
The reason for the crypto community’s interest in the X payments isn’t farfetched as they wait to see which, if any, crypto tokens will be included in the payment platform. DOGE continues to be speculated as the most likely crypto token that will get the nod due to Elon Musk’s (who happens to own the X platform) fondness for the meme token.
So far, neither Musk nor the X team have hinted at DOGE being likely to be included in their plans for the payment platform. While that remains the case, talks about a possible Dogecoin integration are likely to get louder in hopes that this might just convince the world’s richest man to make that move.
The X Payments is expected to finally take off once X acquires a money transmitter license from all states in the US. So far, the social media platform has acquired this license from 17 states in the country.
DOGE Already Set To Be Used In Another Of Musk’s Projects In the meantime, the DOGE community can take delight in the fact that DOGE’s integration has already been confirmed in another of Musk’s groundbreaking projects. Bitcoinist had previously reported how the meme coin was going to be accepted as a payment method when the Tesla Supercharging Station in Hollywood finally launched.
DOGE’s integration into such projects is significant as it could help the crypto token gain widespread acceptance and help it gain more utility. Such a development is also likely to have a huge impact on DOGE’s price. The meme coin had rallied back when X initially announced that it was moving forward with its payment platform.
This occurrence already gives a glimpse of what could happen if DOGE is eventually included in the X payments service. At the time of writing, DOGE is trading at around $0.0826, down 3% in the last 24 hours, according to data from CoinMarketCap.
DOGE price struggles as new trading week opens up | Source: DOGEUSD on Tradingview.com Featured image from Coinmarketcap, chart from Tradingview.com
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Scott Matherson Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.