ELON MUSK DISPELS RUMORS OF X APP LAUNCHING NATIVE TOKEN

Elon Musk has dispelled the rumors making the rounds that X app is working on the creation of its own cryptocurrency.

 

He stated it categorically that it would never happen and no “X coin” would ever be developed and launched.

 

Finalization of the deal on purchasing Twitter last year orchestrated speculations about crypto payments on the platform.

 

The Dogecoin community has been expecting Musk to implement the original meme coin DOGE for micropayments and tipping content creators on Twitter.

 

In order to support content creators all over the world, Musk has introduced a subscription feature that allows account owners to receive monthly micropayments from their subscribers.

 

X app will not be charging 10% off creators’ earnings after the first year until the threshold of payments reaches $100,000 in total.

 

However, these payments are made in fiat, not crypto.

 

This nullifies the report earlier this year that X app was working on a “Coins” feature.

 

Although it has now become explicit that Musk and X are not working on a native cryptocurrency, the community still hopes that Dogecoin payments will be implemented.