Talks about the Dogecoin payments on the X payment have arisen again following recent developments. These developments include a recently leaked code that suggests the X payments launch is imminent.
Dogecoin Payments Rumors On The Rise Amid Imminent X Money Launch
Talks about the Dogecoin payments on X have gathered pace amid the imminent X money launch. In an X post, tech enthusiast Aaron recently leaked a code suggesting that X plans to launch X money in the US before getting approval in all 50 states. The social media platform has already been granted payment transmitter licenses in 38 states.
American entrepreneur Alex Finn also earlier asserted that X will launch its payment service without approval from all 50 states. This came as X CEO Linda Yaccarino confirmed that the payment service ‘X Money’ will launch this year. With the X Money launch imminent, the crypto community has again begun to discuss the possibility of X integrating Dogecoin payments.
This remains a possibility, considering Musk’s affinity and support for Dogecoin. Moreover, his autobiography hinted that crypto integration was a possibility for his ‘Everything app’ idea, which is about to birth the X Money service. The world’s richest man is also in a good position to push for DOGE integration on the payment service since the manipulation lawsuit against him was dropped last year.
Musk has already taken his support for DOGE to another level by naming a proposed US institution (Department of Government Efficiency) after the meme coin’s ticker, DOGE. Therefore, an integration of Dogecoin payments on X isn’t something that can be put past the world’s richest man.
Crypto analyst KrissPax also stated that he is not betting against Elon Musk to integrate Dogecoin payments when the X Money goes live. The analyst is confident that such development could further provide bullish momentum for the foremost meme coin.
DOGE Entering Bullish Territory Again?
Amid rumors of the Dogecoin payments, DOGE looks to be entering bullish territory again. KrissPax revealed that on the monthly timeframe, the meme coin is pushing up this month to have a bullish engulfing green candle.
The analyst added that the current Dogecoin price action can be compared to what happened in May 2024 when DOGE was in the green but didn’t overtake the top of April’s red candle, leading to a further price drop.
The crypto analyst also noted that Dogecoin is already up about 25% in January. He remarked that if DOGE overtakes $0.422 to close this month, that could lead to higher prices in February.
At the time of writing, the Dogecoin price is trading at around $0.39, up over 2% in the last 24 hours, according to data from CoinMarketCap.
