Elon Musk Officially Refutes ‘X Coin’ Rumors, Raising Speculations About Dogecoin (DOGE)

Important points:

  • Elon Musk denied rumors about creating an internal currency called “X Coin” for the X platform (formerly Twitter).
  • Musk’s refusal has revived talks about possibly integrating Dogecoin (DOGE) as a native currency on platform X.
  • Although Musk has scrapped Coin X, it remains to be seen if this means a widespread rejection of token-based transactions on X or if DOGE can still be considered for this role.

Famed billionaire entrepreneur Elon Musk, the figure behind X (formerly known as Twitter), has finally dispelled persistent rumors surrounding the possibility of an internal currency for the platform. to respond to With speculation continuing about an eventual “X coin” designed to reward creators, Musk’s succinct answer, a simple “no,” made the point.

Rumors of internal code creation arose back in the days of Twitter, before moving to X. At that time, vigilant enthusiasts discovered snippets of code indicating the platform’s intention to offer its own digital currency. However, the platform’s rebranding and ownership change delayed these plans.

Musk’s response has garnered attention, especially from the cryptocurrency community and ardent Dogecoin (DOGE) followers. Since Musk acquired X, there have been ongoing talks about possibly incorporating DOGE as the local currency. This latest interaction has reignited these discussions, opening room for further speculation.

The question that arises now is: what will happen next? It is important to note that Musk’s response was limited to inquiries about Coin X and did not extend to other related topics. This has left a burning question mark: Does this rejection include a broader rejection of X token-based transactions, or could DOGE still be considered for this role?

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As the fallout from Musk’s statement continues to emerge, cryptocurrency enthusiasts are hoping to learn more about X’s financial direction. Uncertainty surrounding DOGE’s fate and its possible integration with the platform has become a focal point of ongoing discussions and deliberations.

Myrtle Frost

"Reader. Evil problem solver. Typical analyst. Unapologetic internet ninja."

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