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Elon Musk’s vision for transforming X (formerly known as Twitter) into an “everything app” is setting the stage for its next big feature – payment services. With plans to launch these services by mid-2024, X is poised to become a multifaceted platform, combining social media elements with financial transactions.

The creation of a dedicated account, @XPayments, on X, has fueled intense speculation in the crypto community regarding which cryptocurrencies, if any, might be integrated into this ambitious project.

Elon Musk holding X Payments dollar bag

Image: The fictional Elon Musk holding X Payments dollar bag / Midjourney-generated AI image

What is X Payments?

The “X Payments” feature, set to be part of Elon Musk’s revamped X app, represents a pivotal shift towards integrating financial transactions within a social media platform. This feature is expected to enable in-app payment services, a move that aligns with the growing trend of digital platforms expanding into the financial services domain.

The core functionality of Payments, as proposed, seems to aim at simplifying and streamlining transactions between users within the app, thereby enhancing the app’s utility and user engagement.

The intrigue lies in the scope of these payment services. While traditional fiat currencies are a given, the possibility of extending support to cryptocurrencies has sparked a lively discussion in the crypto community. This speculation is fueled by Elon Musk’s track record and public fascination with cryptocurrencies, particularly Dogecoin (DOGE) and Bitcoin (BTC). His ventures, such as Tesla and The Boring Company, have already dabbled in crypto payments, setting a precedent that suggests a potential openness to integrating digital currencies into Payments​​​​.

However, it’s important to note that as of now, there has been no official confirmation regarding the inclusion of cryptocurrencies in Payments. Musk himself has expressed a rather neutral stance on cryptocurrencies lately, stating that he doesn’t spend much time thinking about digital assets, despite Tesla holding a significant amount of Bitcoin and accepting Dogecoin for merchandise purchases. This cautious approach might hint at a more conservative strategy for Payments, possibly focusing initially on fiat currencies before considering any crypto integration​​.

The crypto community’s enthusiasm, therefore, stems more from the potential and symbolic significance of such an integration rather than concrete plans. If Payments were to support cryptocurrencies, it would not only validate the use of digital currencies in mainstream applications but could also open new avenues for their adoption and use. Such a move would be in line with the broader trend of digital platforms and social media giants exploring the integration of financial services, including digital currencies, into their ecosystems.

Speculations So Far…

Speculation is rife about which cryptocurrencies might be integrated into Payments, given Elon Musk’s previous ventures and comments.

The most discussed possibilities include Dogecoin (DOGE), owing to Musk’s history of incorporating it for payments in Tesla’s merchandise store and in The Boring Company’s Las Vegas transit system.  One of many updates is the one from Cryptic Poet:

Additionally, in his update on X, Mason Versluis shared a speculation about the inclusion of cryptocurrencies with the ‘X’ prefix, such as XRP (XRP), Stellar (XLM), and XDC (XDC), which would align symbolically with the X app’s branding.

However, as usual, Musk has not confirmed any specific plans for integrating these or any other cryptocurrencies into the XPayments system.


The integration of a payments feature in X marks a significant evolution for the platform, potentially bridging the gap between social media and financial transactions. While the crypto community is abuzz with speculations, it’s essential for readers to note that these are currently just speculations, and the actual outcome may vary.

As always, it’s advisable for enthusiasts and investors to conduct their own research and stay updated with official announcements for concrete information.

About The Author


Owner of Since 2013, he's been immersed in the world of cryptocurrencies and has become an avid NFT collector since 2019. Also an NFT artist, he is a lifelong learner of mixed-media artwork creation.