Dogecoin Surges on X’s Peer-to-Peer Payments Launch Announcement

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Dogecoin is experiencing a new surge in value after social media platform X (formerly Twitter) revealed exciting news that could influence DOGE prices. The announcement indicates that X is progressing with its long-awaited payment plans, set to launch in 2024.

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This development has stirred anticipation among many, contributing to the recent rally in Dogecoin.

X Business, the social media platform formerly known as Twitter, has shared its upcoming plans for 2024 in a recent post. The post begins by spotlighting the platform’s accomplishments throughout 2023, a period marked by the takeover of billionaire Elon Musk in late 2022.

X Business Unveils Bold Plans for 2024

In a recent post by X Business, the social media platform highlighted its achievements in 2023 under the ownership of billionaire Elon Musk, who took over in late 2022. Notable accomplishments included the introduction of the AI-powered search assistant, Grok, and the ad revenue-sharing program, which has become a favorite among creators on the platform.

Looking ahead to 2024, X Business is gearing up for more innovations. The post disclosed that the platform will launch a peer-to-peer payment system, aiming to expand opportunities for commerce directly within the platform. This move is set to streamline user experiences, enabling them to conduct various activities seamlessly in one place.

The post expressed high expectations, stating, “X is set to revolutionize 2024 with groundbreaking products and services that will reshape how we connect, communicate, and transact.” The anticipation is building as X Business paves the way for significant transformations in the social media landscape.

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DOGE Price lands above $0.085 | Source: DOGEUSD On Tradingview.com

Anticipation Grows as X Platform Signals Potential Dogecoin Integration

The recent revelation of a forthcoming peer-to-peer payments system on the X platform has sparked optimism within the community, fueling expectations of potential Dogecoin integration. Notably, Dogecoin influencer @TOPDOGE007 expressed the sentiment that Dogecoin payments might finally find their way onto the platform as X launches its P2P payments service.

In 2023, X secured multiple licenses, enabling it to function as a payments facilitator across various states in the United States. Elon Musk, the platform’s owner, has previously outlined ambitious plans to make X the preferred platform for payments, eliminating the need for users to possess a traditional bank account. Musk emphasized the broader scope, stating, “I’m talking about, like, you won’t need a bank account.”

Given Musk’s vocal support for Dogecoin and previous discussions about incorporating DOGE payments on X, there is a prevailing expectation that the meme coin will play a role in transactions on the platform. Alex Lewis, Chief Technology Officer (CTO) of MyDoge Wallet, supports this belief, pointing to X’s license applications as a precursor to potential Dogecoin integration. This implies that X users may soon have the option to maintain a DOGE balance alongside a dollar balance.

As anticipation grows, the DOGE price is already experiencing positive movement, showing a 7.62% gain in the last 24 hours, currently trading at $0.084. The crypto community eagerly awaits further developments, anticipating the potential shift in the landscape of payments and cryptocurrency integration on the X platform.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

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