Elon Musk Eyes Cryptocurrencies Payments for X by 2025 End

Business tycoon, Elon Musk is considering integrating cryptocurrencies as a payment option on X (formerly Twitter) by the end of 2025. This move aligns with Musk’s recent plans to transform X into a super app.

Elon Musk’s X to Accept Cryptocurrency Payments?

Ran Goldi, Senior Vice President of Payments and Network at Fireblocks, recently confirmed that sources indicate X Money, the payment arm of the platform, is expected to be crypto-ready by late 2025. “If I read the zeitgeist correctly, all the large payment companies are coming to us saying, ‘Hey, we now need a digital asset strategy,’” Goldi explained. “They fully expect that by the end of this year, X will probably have the ability to pay out in cryptocurrencies.”

This follows recent developments, such as Visa’s partnership with X Money, which X CEO Linda Yaccarino said would enable users to fund their digital wallets, transfer funds to bank accounts, and facilitate peer-to-peer payments.

While neither Musk nor X Money has formally announced plans for crypto payments, Musk’s past playful suggestions around cryptocurrencies, including his support for Dogecoin ($DOGE ),which became an inspiration for the name of newly formed government efficiency department in White House and other meme coins, suggest a strong affinity for the crypto world.

Additionally, with Musk’s connections to pro-crypto figures, including US President Donald Trump and officials backing crypto initiatives, it seems increasingly likely that Musk could integrate crypto into his ventures.

Moreover, given the growing adoption of cryptocurrencies like Bitcoin, Ethereum (ETH), and Ripple (XRP) in business settings, X’s entry into crypto payments would not be surprising at all. Not just this, Musk’s electric vehicle company, Tesla, already holds over $1 billion in Bitcoin, which reinforces his openness for cryptocurrencies from a business perspective.

Also Read: Tesla Holds 9,720 Bitcoins; No BTC Was Sold in Q4 2024