Elon Musk When he entered the Twitter building with a toilet in his hand, everyone expected him to do much more for cryptocurrencies. However, since the last bear markets, Musk is not as interested in cryptocurrencies as in 2021 and has said many times that he does not care about it. However, there are new developments.
Elon Musk and Cryptocurrencies
after 2020 to cryptocurrencies Elon Musk, who started to become interested, enjoyed being at the center of speculation. From Chinese bans to threats to remove Bitcoin from the balance sheet because it is harmful to the environment, to the subsequent sell-off, we have seen it all. Dozens of cryptocurrencies emerged with the words extracted from his posts. There are some that are alive, such as Shiba Coin and Baby Doge, and some that have disappeared.
He was even talking about sending DOGE to the Moon. A follower asked him about this on February 3, and Musk responded by saying, “DOGE on the Moon is inevitable.” At the time of purchasing Twitter, everyone expected Musk to integrate cryptocurrencies into the platform, at least for payments. However, Musk, who did not care about cryptocurrencies during the transformation to X and the subsequent period, did not take any steps in this regard.
Cryptocurrencies and X Money
Hours ago, X’s product manager responded to the claims that the platform will start offering cryptocurrency trading services. The claim circulated on social media was this;
“Nikita Bier said Smart Cashtags will be available in a few weeks and users will be able to trade stocks and crypto directly in their timeline.”
However, Bier denied the claim that “trading services will be provided” hours ago.
“This is wrong. – Nikita Bier
XMoney Financial services is a project that has been going on since Elon Musk bought the company. In those days, we were talking about things like trying to get permission from every state and the process taking quite a long time. Although the work is in its final stages for many regions of the USA, what you need to remember from those days was the fact that “there were no license applications for crypto-related services”.
speculations Smart Cashtags It was stated that in the near future, X Money will be launched within 1 month to be a service integrated with financial services. Even before Elon acquired Twitter, we mentioned that he was pursuing an “app for everything” like WeChat and something even more advanced. This includes the development of Grok to improve its crypto commentary by feeding it live price data, but crypto trading services will not be available in X.
