X Currency Dashboard Leaks With Silencers, But Dogecoin Is Nowhere To Be Found
IX Money, the payment platform created by SpaceX CEO and Dogecoin (DOGE) enthusiast, Elon Musk, has officially launched its beta version with impressive financial benefits. However, despite years of speculation and anticipation that the tech billionaire would eventually integrate Dogecoin into a mainstream financial product, the popular dog-themed meme coin remains absent from X Money. The omission raises questions about Musk’s authenticity a crypto integration strategy for a new payment platform.
Musk Launches X Coin In Beta With Active Materials
Musk just launched X Platform fee launched in beta with financial features that seem almost too good to be true. However, there is no Dogecoin in sight.
Bankless developer Josh Kale recently released the key details of X Money’s offerings, and according to him, the numbers are staggering. In X’s post, Kale noted that deposits in X Money earn up to 6% annual percentage yield (APY), which translates to about $15,000 a year in interest and $1,250 a month for those raising the $250,000 insurance limit.
He explained that the metal card linked to the payment service offers a 3% return on all purchases, mirroring the benefits typically found in premium financial apps like Robinhood Gold. Another attractive feature of the new X Money platform is its integrated direct deposit feature.
Kale emphasized that direct deposit support allows users to deposit their traditional paychecks into their accounts, while income from X can be deposited directly into the system. According to him, everything is settled in one consolidated account where the money starts immediately to get 6% APY and another 3% in cashback rewards when spending happens.
Dogecoin Is Not In X Currency Despite Years Of Speculation
Amidst all the excitement surrounding X Money’s incentives and lucrative features, one major player was noticeably absent from the scene. Dogecoin, a cryptocurrency that Musk has long championed and incorporated into various ventures, appears to have had no role in the initial creation of X Money, as of writing.
Despite years of speculation that Musk would last integrate DOGE into its financial productsX Money’s beta launch revealed no connection to the popular dog-themed meme character. This absence speaks volumes, given Musk’s well-documented history Dogecoin advocate for voice.
Many rumors and industry speculation initially suggested that X Money would be Musk’s eventual platform to legitimize DOGE through general adoption. There has been talk of Musk’s endorsement of DOGE in X Money start another bullsimilar to the surge that occurred in 2021 when public support for the CEO of SpaceX sparked an unprecedented price surge. However, the payment platform is mainly focused on fiat money, which is limited only cryptocurrency services currently available.
Despite the clear absence of Dogecoin from X Money, supporters of the meme coin are still hoping for a future integration. Mason Versluis, a prominent investor with over 250,000 followers on X, said will continue to hold DOGE for a long time, betting that Musk is teasing X Money and that a big Dogecoin deal could be in the works.
Featured image from Pngtree, chart from Tradingview.com
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