According to a screenshot of website updates made to X, formerly known as Twitter, the platform has updated its algorithm to include information regarding payments and revenues made in so-called “x coins” and “diamonds.” Despite Elon Musk, the platform’s owner, denying that this development means the network is considering creating its own token, it appears to be getting ready to integrate digital payments for users.
For X, which has apparently been looking to integrate direct payments between users, this new code could result in a significant addition. The market may be significantly impacted by the integration of current cryptocurrencies to accomplish this.
Users can now examine some updates independently because of Musk’s decision to make some of X’s underlying code open source. According to X Updates Radar, a new modification to that code specifies a digital asset that may be utilized to reward users financially, right on the site.
- It’s quite intriguing because the code allegedly contains something they released under the name “x coin.” Many people believe this has to do with cryptocurrency because there are references to coins and diamonds.
- It’s possible that the exact code statement that said “Diamonds get accumulated by receiving coins on eligible posts” was that. The money you make from diamond sales is added to your projected income.
The market has changed significantly as a result of Musk’s public comments about cryptocurrencies, making the possibility of a direct integration of digital assets on X something to keep an eye on. Although the code update seemed to refer to a native token, Musk has previously asserted that the platform will never release its own cryptocurrency, and this most recent update seemed to support that assertion.
- This is a huge development, so naturally the question that everyone is asking right now is: Will dogecoin be integrated in any way? Will this ‘x coin’ be a crypto coin? If so, will it be based on Ethereum? Will bitcoin be added as well?
- We are all aware of Elon Musk’s fondness of ethereum, bitcoin, and dogecoin.
This alleged change in the platform’s code comes after X was granted a financial license to incorporate cryptocurrency payments. This is additional proof that Musk will undoubtedly integrate payments, which would represent a significant change for users and a turning point in how big tech is transforming the banking and financial transmission industries.
Even if Elon Musk does nothing with cryptocurrencies, he still wants to create the all-encompassing app, similar to Venmo, WhatsApp, and everything else. You will be able to receive and send money via your X application, if nothing else.
