What X Money Means for Dogecoin and the Future of Crypto

"X could become a payments Powerhouse by the end of this video you'll know how payments could change X forever and what it means for crypto so stick around to the end to find out which cryptos could benefit the most"

"X has implemented several features to give the platform New Life some of these features include the for you algorithm in the main feed paid features through X premium and grock an AI chatbot you know cuz every app needs an AI these days but the latest development is what's got everyone talking and is the reason you're all here that's because X is about to have its own payment system called X money"

"I would be surprised if it takes longer than the middle of 2024 to roll out payments so well we take it he's surprised then"

"X money will allow for peer-to-peer transactions directly on the platform similar to Major platforms like PayPal it's quite possible that X money is intended to compete with PayPal given what we said earlier reportedly X money will also see the introduction of e-commerce onto X which will allow users to buy and sell products directly on the platform X money will also allow users to tip content creators on the platform too"

"and this is where things get exciting that's because elon's vocal support for the crypto industry has raised speculation that crypto will provide the rails for X money to exist on and of course the crypto that springs to mind for most people here is Dogecoin Elon is the self-professed Doge father after all"

"Elon is also a firm believer in dogecoins fundamentals he says that Dogecoin is much better suited for transactions than Bitcoin is that's because Dogecoin has a block time of roughly 1 minute compared to bitcoin's block time of around 10 minutes Dogecoin also has much cheaper transaction fees and can process 33 transactions per second while Bitcoin can only handle seven Elon has also said that because Do's Supply is slightly inflationary this quote encourages people to spend rather than to ha it as a store of value"

"well the first answer is perhaps the most obvious and that's Bitcoin that's simply because aside from being the biggest and most trusted cryptocurrency out there it's also been adopted by a few of elon's companies already specifically Tesla also earns a stack of 9,720 BTC making it the sixth largest publicly traded company to hold BTC on its balance sheet meanwhile SpaceX which is a private company owns 8,285 BTC"

"other possible Alternatives include ethereum since this is the only other crypto outside of Bitcoin and Dogecoin that Elon has vocally supported"

"primarily though we reckon that the biggest reason usdt will be considered is because of something we mentioned earlier the department of government efficiency or Doge specifically the person who came up with that name"

"if x integrates crypto onto its platform this would bootstrap the mainstream adoption of cryptocurrencies not only for whichever crypto is actually used but also for the broader crypto Market that's simply because for many X would serve as the Gateway into the ecosystem allowing many to explore cryptocurrencies for the first time this would massively boost Market sentiment causing all kinds of cryptos to Rally"

"X is inherently much more centralized than many social F projects out there and this could actually be bullish for social F overall in fact it could send social F cryptos into overdrive given that the narrative has yet to take off in this bull cycle"