X's Payment Feature Sparks New Hopes for Dogecoin Integration

The social media platform X, formerly known as Twitter, has introduced a new payments feature in its latest software update. This move has sparked speculation about the potential inclusion of Dogecoin, particularly given Elon Musk's support for the meme coin.

Development in Progress

A user named Swakshan, known for leaking upcoming app features, revealed that the payments feature is currently in development. This indicates that X is progressing with its plan to launch a payment service, potentially by the end of the year. Last year, Musk, the owner of X, expressed his vision of transforming X into an "everything app," with the payment service being a central component.

Licensing Progress

X has been acquiring money-transmitting licenses across the United States. So far, the platform has obtained licenses in 35 states, with North Dakota being the most recent addition. However, it still needs licenses from 15 more states to launch the payment feature nationwide. The timeline for acquiring these remaining licenses remains uncertain.

Dogecoin Inclusion

The introduction of X's payments feature has garnered interest from the crypto community, particularly regarding the potential inclusion of Dogecoin. Musk's well-documented support for Dogecoin has led many to believe it might be integrated into X's payment service. However, Musk has not officially confirmed this integration.

Code Analysis

Swakshan's analysis of the X payments development code shows no direct mention of Dogecoin. Nevertheless, a web URL (/i/payments/verify-payment-method) indicates that multiple payment methods will be available, suggesting that Dogecoin could be among them. Despite the absence of official confirmation, the Dogecoin community is eagerly awaiting further announcements from X.

Community Reactions

Mishaboar, a notable Dogecoin influencer, recently reminded followers that no official confirmation exists beyond rumours. Meanwhile, Musk has expressed his affection for Dogecoin, stating he has a "soft spot" for the meme coin due to his love for dogs and memes. He also mentioned having no strong feelings toward Bitcoin or other cryptocurrencies, indicating that Dogecoin could be the only crypto integrated into the X payment service.

Awaiting Confirmation

As X continues developing its payment service, Dogecoin's potential inclusion remains a key point of interest. Musk's public support for Dogecoin fuels speculation that it could be part of the new payment system. Obtaining additional state licenses will be crucial for launching the service.