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Elon Musk’s X platform continues to capture the crypto community’s attention with new promises related to cryptocurrencies and payments. An X user known by the pseudonym “DogeDesigner” announced that the X Payments service is expected to launch by the end of 2024. This announcement has generated significant excitement among both the Dogecoin community and non-crypto users.
Elon Musk Has Not Made an Official Announcement
Elon Musk has not officially confirmed plans to integrate Dogecoin (DOGE) into the X platform. It is worth noting that this is not the first announcement made by DogeDesigner this year. Each time, the crypto community, especially accounts themed around DOGE, has reacted with great enthusiasm. This community, hoping for their favorite meme coin to be integrated into the platform, generates a new wave of excitement each time.
As the owner of X, Elon Musk has not yet announced that DOGE will be the platform’s official currency. However, this has not dampened the spirits of the Dogecoin army. Musk has confirmed several times that neither X nor his other companies plan to create their own native cryptocurrencies, stating this “very clearly.”
These statements were a response to various scam attempts and offers of “X coin” to eager investors. They are also likely related to the ongoing investigations by the U.S. Securities and Exchange Commission into altcoins and the crypto wallets and exchanges that list them for trading.
X Continues to Secure Licenses
Meanwhile, X Corporation continues to secure licenses that will allow it to process payments, including those made with cryptocurrencies, in various U.S. states. These steps demonstrate the company’s commitment to expanding its payment system. However, the Dogecoin community’s expectations are based on the hope that Elon Musk will eventually formalize his love for DOGE and make this popular meme coin one of the payment options on the X platform.
At this point, hopes remain alive for the Dogecoin community. Recognizing Musk’s DOGE as an official payment method on the X platform would be a significant victory for this community. For now, crypto enthusiasts and the Dogecoin army continue to await Musk’s final decision.
