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Is Elon Musk Planning To Ditch Dogecoin In Favor Of XRP With X Fees?

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X’s owner, Elon Musk, is said to be considering a merger XRP and RLUSD on social media. This marks a change in rumors that the world’s richest man could merge Dogecoin, due to his love for the popular meme coin.

Pundit Seeks Elon Musk Rumors Combining XRP and RLUSD

In an X postcrypto pundit JackTheRippler said there are rumors that Elon Musk will merge XRP and RLUSD into X. This came as he shared a video where the richest man in the world said social media it can be part of the global financial system if done right.

This is in line with Elon Musk’s vision of turning X into an ‘App for Everything.’ However, it is worth noting that the richest person in the world did not say anything about integrating XRP or RLUSD on social media. Musk only has one term commented on XRPin 2024, when he said that he thinks that crypto helps with individual freedom, in response to a question about whether the XRP Ledger could be integrated into financial institutions in the future.

Before JackTheRippler’s claim about the XRP and RLUSD merger, Dogecoin was the coin that was widely discussed to be merged with X payments when the payment system started. This is due to Elon Musk’s love of the premium meme coin, and a reference to the richest man in the world meme coin several times.

However, Elon Musk has never confirmed plans to integrate Dogecoin with any other crypto asset, including altcoin and RLUSD, in X. There is also no guaranteed date for crypto X payments was introduced, which was expected to happen last year. Meanwhile, although Musk did not talk about integrating cryptocurrencies, the world’s richest man seems to be warming to them, especially Bitcoin.

Last year, Elon Musk admitted that Bitcoinalongside Dogecoin, it was based on power. He then said that one can issue fake fiat money, created by governments, but that “it is impossible to fake power.”

Musk About To Merge Crypto Into X

Market experts, such as SkyBridge founder Anthony Scaramucci, chose that Elon Musk will include cryptocurrencies in X. In the interviewhe said that the richest man in the world is going to build the best app and that he will be using crypto. However, Scaramucci admitted that he was not sure how Musk would go about it, even if he would include well-known cryptos such as. Bitcoin, XRPDogecoin.

He also suggested the possibility of Elon Musk making his own coin, as A TON of Telegramor that it could be a stablecoin. Currently, X’s Head of Product, Nikita Bier, announced that they are creating smart castags that will allow users to specify the exact crypto asset when sending a ticker. Users will be able to tap on these tickers to see the real-time prices of these crypto assets on their timeline.

XRP
XRP is trading at $1.97 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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