X CEO Linda Yaccarino hinted at the launch of X Money and other platform improvements by 2025.
Expectations for X Money
In a New Year's post, Yaccarino announced plans for 2025, including X TV and X Money. Many online users speculate that X will introduce its own cryptocurrency, given Elon Musk's support for Dogecoin.
Experience of Other Social Networks
X is not the first company to aim at creating a social media-based currency. Telegram and Meta have previously attempted similar projects. Telegram launched the TON project in 2018 but faced hurdles from the U.S. Securities and Exchange Commission. Meta discontinued its Diem project in 2022 after encountering several challenges.
Outlook for X Money
Elon Musk has long supported the crypto community, particularly Dogecoin, leading to speculation that X Money might become a cryptocurrency. While the possibilities of X Money remain uncertain, X's innovative approach might signal a significant step in the cryptocurrency sector.
In the near future, X may present X Money and other innovations that could redefine social media and financial technologies.
