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Elon Musk’s social media platform X plans to introduce a new digital payment feature this year in collaboration with Visa. This partnership aligns with X’s goal of becoming an “everything app,” while also increasing speculation regarding the integration of cryptocurrencies like Dogecoin 
$0.208144. Musk’s previous support for Dogecoin and recent developments around X Money have heightened optimism about the meme coin’s potential role in the payment ecosystem.
X Money: Digital Payment System
Linda Yaccarino, CEO of the X platform, stated that X Money will be a digital payment system powered by Visa Direct. X Money will allow instant funding of digital wallets and enable one-on-one transactions using bank cards. Yaccarino characterized X Money as an “everything app” aimed at simplifying financial transactions.
Visa Partnership and User Benefits
The collaboration with Visa aims to enhance user experience by leveraging Visa’s cross-border payment technology. Visa noted that U.S.-based users will benefit from instant transfers and secure payment solutions. This initiative is viewed as part of X’s strategy to become a major player in digital payments.
“Visa Direct will enable U.S. X Money Account users to make instant money transfers using bank cards.” — Visa
Dogecoin Integration and Market Impact
Speculation regarding the launch of X Money by Elon Musk has positively influenced Dogecoin’s price. The platform’s potential to integrate not only Dogecoin but also Bitcoin 
$103,051 and stablecoins has piqued investor interest. Musk’s invitation to Dogecoin creator Shibetoshi Nakamoto to join the DOGE advisory board fuels hopes for integration, although this endeavor requires X to secure crypto licenses first, a goal they previously publicly acknowledged as challenging due to regulatory issues.
The X platform is securing money transfer licenses across the U.S. to support its payment objectives. These licenses are critical for the platform’s legal operation and expansion of services nationwide. In conjunction with Visa’s infrastructure and compliance mechanisms, X is building a competitive framework in the digital payment space.
Integrating Dogecoin into X Money is seen as a significant step in the cryptocurrency ecosystem. This integration supports X’s goal of offering users a broader range of financial services.
The partnership between X and Visa, along with the potential integration of Dogecoin, indicates innovative strides in digital payment technologies. Users can expect faster and more secure financial transactions through X Money.
