The social media platform formerly known as Twitter will soon come close to becoming “from Elon Musk”Application all», With the long -awaited X payment service should make its debut later this year.
The service, nicknamed X Money, will be offered by a partnership with Visa, the CEO of X Linda Yaccarino said On X Tuesday. The X account for the platform payment service is charged as a solution “for all your money movements”, but it does not refer specifically to cryptocurrency.
Yaccarino did not appoint Drop Mastiff Either, but his message referred to the Peer-to-Peer payments and to an “X portfolio” offered via Visa Direct. In the crypto, the wallets are synonymous with software to manage Public and private keysWhile peer-to-peer transactions are often a main functionality.
Integration with Direct Visa will allow instant financing, peers payments facilitated via debit cards and the possibility of instantly transfer funds to a bank account, said Yaccarino.
Visa Direct has already been used in partnership with cryptographic companies. In October, visa announcement This cornerbase would integrate direct visa as a funding method for exchange accounts, allowing customers to buy crypto with a visa debit card or use it to collect.
Decipher contacted Visa to comment, but did not immediately receive an answer.
The Dogecoin price has jumped speculation on Musk companies for years. In 2022, the price of the same corner of origin jumped after him floating Dogecoin as possible payment method for premium X subscriptions, a service called Twitter Blue at the time.
There is also considerable speculation In the past, this Musk will build X’s payment infrastructure around Dogecoin, although this has never been confirmed.
A few months after Yaccarino was appointed CEO in 2023, the Musk platform received silver issuer licenses from a handful of states. Since then, “X Payments LLC” has acquired Silver transmitter license of 40 different states, as well as Washington DC
Exchange hands about $ 0.32 Tuesday, Musk’s favorite cryptocurrency fell in particular at a summit of $ 0.48 in three years in December. However, Dogecoin has retained a large part of its post-electoral earnings, its price still dubbing $ 0.16 on election day.
Musk’s emerging relationship with President Donald Trump has raised the presence of Dogecoin in the dominant current, largely by references to Musk Government Department of Effectiveness Cost reduction initiative, or DOGE, among a plethora of media organizations.
Last week, the Kabosu mascot of Dogecoin hit The home page of DOGE, causing an increase in the price of the memes piece. However, the gains were short -lived. Dogecoin price Finally fell When the play logo was removed from the website hosted by the government a day later.
Edited by Andrew Hayward
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