Musk’s X to Debut Trading and Payment System. But Where is Dogecoin?

Elon Musk pushes X closer when becoming an ‘Everything App’, where X CEO Linda Yaccarino announces Tuesday that the platform will soon invest and act in-app.

Yaccarino said that according to A, users can buy and trade on the social media platform report through the Financial times. She also said that the company is investigating a debit card from an X-brand, although she did not mention Crypto, a musk passion.

“You will be able to come to X and perform your entire financial life on the platform,” said Yaccarino. “And that is whether I can pay you for the pizza that we shared last night, or make an investment or trade. So that’s the future.”

In May, Musk confirmed that X money was on the horizon with a “very limited access beta”.

The move continues the ambition of Musk to create an app that combines social interactions with financial services.

In addition to trade, X will roll out his long-awaited peer-to-peer payment system, X Money, which revealed Musk in January. Musk is an old cheerleader for Dogecoin, but the announcement of Yaccarino did not mention the original memecoin or any other cryptocurrency.

X Corp did not respond immediately Decrypts Request for comments.

Elon Musk first called Dogecoin publicly on Twitter on April 2, 2019, and called it his favorite cryptocurrency and said, “It’s pretty cool.”

Since then, Musk has been in favor of the cryptocurrency, so far that he turns his Twitter bio into “Dogecoin CEO” and calls himself the “Dogefather” prior to his high-profile performance on Saturday Night Live.

Musk continued to support Dogecoin. After Musk became a primary supporter of Donald Trump in 2024, Musk started the US Department of Government Efficiency, also known as Doge. The Dogecoin price rose by 12% after Musk mentioned the new agency on X.

In 1999, Musk was co-founder of X.com, a payment platform that would later evolve to PayPal in 2021. X.com would eventually become Twitter’s name after Musk had bought the social media platform in 2022.

Published by James Rubin