X Payments to launch any moment in 39 U.S states. Is Dogecoin the currency?
A payment service of X known as X Payments is about to launch at any moment with initial availability in 39 U.S. states.
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An X post on January 2 shows that a new code was released for the social media platform that suggests the integration of the new payment feature.
The post also said the service will launch without any approval granted in any of the 50 U.S. states.
A way to reward content creators
X Payments will be a revolutionary way to make payments such as tips on X.
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This means content creators can start earning more money based on their content and spaces immediately following the launch.
The news has raised a few questions among X users, one of which is whether there will be fees charged for using the service, and if there will be some conditions required to be approved for such payments.
There’s also the concern of how creators will earn based on their states of residence, which is expected to be determined by the local rules and regulations.
Another question which is probably the biggest on the minds of X users is, what will be the means of payment, fiat or crypto?
It has been anticipated for a long time that if such a payment service is rolled out on X, Dogecoin may be the currency because of Elon Musk’s long relationship with the coin.
If this is the case, the number one memecoin may become the center of attraction for X users in 2025 and beyond. This could mean a bright future for the dog-inspired cryptocurrency which was initially created for fun.
How DOGE is responding
Since the breaking of the news, DOGE has gained a meager 1.22% in the last 24 hours, which is nothing significant as there are coins doing much better.
This means there’s no attention given to the top memecoin yet. It’ll be interesting to hear what Musk has to say about its role in the new payment service and how the market reacts to it.
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