Elon Musk’s X Payments Beta Launches with Visa But No Dogecoin or Crypto Integration, Awaiting Regulatory Approvals
Elon Musk has launched a limited beta test of X Payments (also known as X Money) on his X social platform, introducing an in-app wallet for peer-to-peer fiat transfers. Developed in partnership with Visa, the service allows users to link debit cards and manage digital wallets, mirroring offerings like Venmo and Cash App. While there was early speculation about the inclusion of cryptocurrencies such as Dogecoin, the current beta is strictly fiat-only and excludes all crypto integration, including Dogecoin. The service is available to select US users as X Payments awaits regulatory approval in key states like New York, though it has secured licenses in 41 states, D.C., and recently California. X CEO Linda Yaccarino stated that Visa is only the first of many planned integrations. While crypto markets—especially meme coin communities—remain hopeful for future integration, Musk and his team have indicated there are currently no plans to add crypto assets to X Payments. This cautious rollout provides a new fiat revenue stream for the platform, but the potential for Dogecoin or other cryptocurrencies may depend on future regulatory clarity and Musk’s risk appetite. Crypto traders are advised to watch for regulatory updates or official crypto integration announcements, as these could quickly impact meme coin price movements and overall sentiment.
Neutral
The launch of X Payments with Visa integration and fiat wallet features is significant for the X platform, but the lack of any cryptocurrency—particularly Dogecoin—limits immediate trading impact. The cautious approach, driven by regulatory challenges and a phased rollout, means that any potential bullish momentum for meme coins or broader crypto assets is deferred until there is official news of integration. For now, speculation may cause short-lived volatility among meme coins, but the overall impact remains neutral. Traders should monitor for future regulatory updates or official crypto announcements, which could quickly shift sentiment and prices.