Dogecoin payments discussions on Payment X have resumed following recent developments. These developments include recently leaked code that suggests that X payments the launch is imminent.
Dogecoin Payments Rumors Rise Amid Impending X Money Launch
Discussions about Dogecoin payments on X money launch. In a MessageTech enthusiast Aaron recently leaked code suggesting that X plans to launch X Money in the US before getting approval in all 50 states. The social media platform has already obtained payment issuer licenses in 38 states.
American entrepreneur Alex Finn also claimed earlier that X would launch its payments service without approval from all 50 states. This came as Linda Yaccarino, CEO of X, confirmed that the ‘X Money’ payment service would launch this year. With the imminent launch of X Money, the crypto community has once again started discussing the possibility of X integrating Dogecoin payments.
This remains a possibility, given Musk’s affinity and support for Dogecoin. Additionally, his autobiography hinted that crypto integration was a possibility for his “Everything app” idea, which is about to give rise to the X Money service. The world’s richest man is also well-positioned to push for the integration of DOGE on the payment service since the trial for manipulation against him was dropped last year.
Musk has already taken his support for DOGE to another level by naming a proposed American institution (Department of Government Effectiveness) after the ticker of the meme coin, DOGE. Therefore, the integration of Dogecoin payments on X is not something that can escape the richest man in the world.
Crypto analyst KrissPax also said he is not betting against Elon Musk integrating Dogecoin payments when X Money goes live. The analyst is confident that such a development could further provide bullish momentum to the leading coin.
DOGE enters bullish territory again?
Amid rumors about Dogecoin payments, DOGE appears to be entering bullish territory again. KrissPax revealed that on the monthly time frame, the meme coin is rising this month to have a bullish engulfing green candle.
The analyst added that the current Dogecoin Price Action can be compared to what happened in May 2024, when DOGE was in the green but did not surpass the April red candle high, leading to further price decline.
The crypto analyst also noted that Dogecoin was already up around 25% in January. He noted that if DOGE rises above $0.422 to close this month, it could lead to a price rally in February.
At the time of writing, Dogecoin price is trading at around $0.39, up more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com