Outside Source
The rumors come two days after X CEO Linda Yaccarino confirmed the social media platform would launch X Money in 2025.
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An apparent leak of the latest software code behind Elon Musk’s X has sparked rumors that “X Money” — the name for its payments system — could launch “at any second now.”
X has been working to obtain money transmitter licenses across the United States for X Payments LLC, securing licenses in 39 states so far.
A purported screenshot of the latest code shows the line: “X Money is not available in your state” has led to some observers, including American entrepreneur Alex Finn, to think that it may launch in the US without approval from all 50 states.
X Money would allow X users to tip content creators on the platform and some speculate that cryptocurrencies could have a role given Musk’s previous openness to Bitcoin (BTC) and Dogecoin (DOGE) payments in his other businesses.
“X payments in one way or another will support cryptocurrency,” Finn explained in a self-hosted X Spaces, adding that it is the fastest way to move currency.
“Crypto will probably be a good amount of rails for [X] payments.”
Source: Alex Finn
It comes as X CEO Linda Yaccarino confirmed the social media platform would launch X Money in 2025 in a Dec. 31 X post.
However, X hasn’t confirmed the legitimacy of the source code leaked by MacRumors contributing researcher Aaron Perris and whether an X Money launch is imminent.
Source: Aaron Perris
If it is true, X Money would first launch in the 39 states where X has obtained a money transmitter license.
The payments feature wouldn’t immediately be supported in Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington and Wisconsin, Finn noted.
Related: X launches dedicated payments account, crypto community speculates
Musk’s support for Dogecoin (DOGE) has led industry pundits to speculate whether the memecoin could be supported on X Money.
Musk’s electric car manufacturing firm Tesla supports DOGE for merchant purchases and holds $1.1 billion worth of Bitcoin (BTC), Arkham Intelligence data shows.
Magazine: Big Questions: How can Bitcoin payments stage a comeback?
This article first appeared at Cointelegraph.com News
