Dogecoin payments on the X platform, which was once known as Twitter, have been increasingly anticipated over the course of the past few years, particularly when the billionaire Elon Musk assumed ownership of the social media site. However, despite the fact that the was finished a year ago, there is still no formal acceptance of DOGE payments on the platform. But this has not deterred users who are under the impression that Dogecoin payments would soon be available in X. One of these users is Alex Lewis, the Chief Technology Officer of MyDoge Wallet.
It Is Coming Soon That X Will Accept Dogecoin,
During an interview with Fabrice Calmels, Alex Lewis offered some intriguing perspectives on the potential arrival of Dogecoin payments on the X platform. He also discussed the timing of these payments. While Lewis is discussing his anticipations for the X platform, he says that the firm has already submitted applications to become a custodial service similar to PayPal. In light of this, they will be able to make it possible for users to save cash balances on the platform, which may subsequently be utilized for making payments or providing tips.
Additionally, the corporation has already been given permission to proceed with more than a few of these other applications. The authorization for X to operate as a payment hub in the United States was granted in the month of August. A Currency Transmitter License (CTL) had been granted to the firm by the state of Rhode Island, which would make it possible for the company to include cryptocurrency payments into the platform.
Lewis argues that the payments on X might be designed in such a manner that users would be able to connect their bank accounts directly to the website, which they would then be able to use for making payments. Additionally, users would be able to have a Dogecoin balance, which would allow them to pay for products and also tip on the site. This would be possible for them to do. According to what Lewis shared with Calmels, "I honestly believe that's what's coming."
A. Musk, Elon Payments Made using DOGE
There have been past discussions between Elon Musk and the X app on the possibility of incorporating Dogecoin payments; however, this idea has not yet been realized. Although this is the case, the corporation has been making progress with its aspirations to incorporate payments directly into the social networking platform.
In the month of October, Musk said that he intends to transform the platform from a social networking platform into a financial platform. The year 2024 was specified as the year in which this transformation will take place. On the other hand, despite all of this, there has been no discussion of include Dogecoin as a payment mechanism for the plan. Dogecoin fans have only come close to achieving their goal, which is the fact that the source code of the Tesla CyberTruck website makes reference to the cryptocurrency.
In the past, Musk had also disclosed his intentions to create a social media network that would be powered by DOGE. This was a proposal that he had talked with his brother regarding the possibility of putting into existence. However, despite the fact that the billionaire has a strong affinity for the meme coin, this has not yet taken place.
