During a recent meeting in Pittsburgh, Pennsylvania, Tesla and SpaceX CEO Elon Musk referenced XRP for the first time, sparking widespread interest.
XRP Question and Musk's Response
The mention came when an attendee questioned Musk on the future use of the XRP Ledger by financial institutions. Musk, choosing his words carefully, expressed belief in the potential of cryptocurrencies as a safeguard against centralized control systems, while stressing that his comments should not be taken as either an endorsement or opposition to XRP.
Community Reaction and Response
The news quickly spread across social media. Vandell, using the handle Black Swan Capitalist (@vandell33) on X, pointed out Musk's cautious demeanor, speculating on the broad implications for cryptocurrencies like Bitcoin and Dogecoin compared to XRP.
Musk's History with Cryptocurrencies
This marks Musk's first public discussion of XRP, despite years of community attempts to gain his endorsement. Previously, Musk interacted with the community indirectly, including expressing surprise at SEC's draft release of former Director Hinman's speech on Ethereum.
While much has been said and heard, Musk continues to avoid directly mentioning XRP on the X platform, focusing predominantly on Dogecoin. It is anticipated that Musk may integrate cryptocurrencies into the X Payment ecosystem in the future.