Rumors that Musk X is not considering Cryptocurrency for the time being, causing a sharp drop in DOGE, what is the truth?

Market sources pointed out that Musk said in the X live broadcast that he will not introduce cryptocurrency in X payments in the near future because the corresponding license is required and will focus on fiat currencies for now. The news caused a market shock, with the DOGE price big dump exceeding 12%. (Synopsis: X payment is coming!) Code leak is about to launch "X Money", DOGE coin short termbig pump) (background supplement: Musk preview: Twitter payment "X Pay" 2024 on the road!) Has obtained the US 12 state money service provider license) In early January, the code code of Musk's X platform payment function "X Money" was exposed, causing heated discussions in the community X payment may be the first to be launched in licensed states. Entrepreneur Alex Finn predicts that X Pay will support cryptocurrency in some form, further sparking speculation that the DOGE coin, which Musk has long supported, may be the first choice. Musk: Cryptocurrency will not be used in X payments in the near futureHowever, there is suddenly news in the market today that hit the possibility of X payment supporting cryptocurrency. The source pointed out that Musk said on the topic of X payment at the X Stream test: Cryptocurrency will not be used in X payment services in the near future, because the corresponding license is required, and will focus on fiat currency for now. [news] Elon Musk stated on X Stream that they will not consider cryptocurrencies for payments in the near future, citing the need for licenses and a focus on improving fiat currency options. — Franklin (@taletrader) January 7, 2025 However, the movement area verified the film, Musk is mainly explaining the game mechanics of Exile Yamidao 2, and said that he wants to hit the Hardcore list TOP10, and has not yet found the news about X payment. Testing X Streaming — Elon Musk (@elonmusk) January 7, 2025 It is understood that X has so far obtained Money Transmitter licenses in 39 US states, and these registrations are all related to a business called "X Payments LLC" (formerly "Twitter Payments LLC"), which will be located on X Operate remittance business. Although the requirements for a money transfer service provider license, the privileges granted by the license, vary from state to state, these licenses generally allow companies to send, receive, and transfer funds for customers nationally and internationally, and also allow forex exchanges, such as foreign currency exchange for US dollars, and issuance prepaid cards, which include fiat currency and cryptocurrency in this definition. However, if the source is true, it indicates that Musk has not prioritized cryptocurrency support. DOGE coin fell 11% or was affected by this news superimposed on the fall under the broader market, DOGE coin suffered a big dump. According to CoinGecko data, DOGE coin has a cumulative fall of 12.47% from yesterday's $0.3968 price drops to $0.3473, and there is still no sign of stopping the fall recovery before the deadline. CEO Announces Launch of X Money This Year It is worth mentioning that X CEO Linda Yaccarino said in a January 1 tweet that X will launch X Money in 2025. In 2024, X changes the world. Now, you are the media! In 2025, X will connect with you like never before, with X TV, X Money, Grok and more coming soon. In 2024, X changed the world. Now, YOU are the media! 2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more. Buckle up. Happy New Year! — Linda Yaccarino (@lindayaX) December 31, 2024 Related reports Musk became the new godfather of PEPE, X changed his name + changed his avatar to detonate Pepe Frog, Kekius Maximus Meme coin is crazy, don't love DOGE coin? Musk X changed his name back to Elon Musk, Kekius Maximus, PEPE-related meme coin big dump Musk's "underground tunnel" boring company accepts DOGE coin payments, DOGE jumps 12% to a three-and-a-half-year high 〈It is rumored that Musk X Pay "does not consider Cryptocurrency" DOGE coin big dump, what is the truth? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".