Elon Musk has revealed ambitious plans to transform X into a comprehensive financial services platform within a year, according to a new report by The Verge. Musk stated that X users will be able to do everything from peer-to-peer payments to investing without needing a traditional bank account.<br /><br />This latest announcement has ignited excitement and speculation within the Dogecoin community. Musk has long been a vocal proponent of Dogecoin, consistently tweeting favorable comments about the meme-inspired cryptocurrency. Many believe that Dogecoin could play a role in Musk’s vision for X’s financial ecosystem.<br />Dogecoin experienced a notable rally earlier this week, surging over 15% to $0.074 before retracing back below $0.07. The recent price action shows there is still substantial interest and trading volume around Dogecoin.<br /><br /><br />Some speculate that if Dogecoin were integrated with X in some capacity, it could catalyze another leg up for the cryptocurrency. The partnership would represent one of Dogecoin’s most significant real-world use cases to date.<br /><br />There are also rumors that X may adopt XRP for payments due to its low fees and fast transaction speeds. If X opts to add multiple cryptocurrencies, that would potentially pave the way for Dogecoin to be next on the list.<br />Importantly, Musk has confirmed there will not be an X-branded cryptocurrency coin.<br /><br />Of course, this is still speculative. Musk has not yet indicated which, if any, cryptocurrencies will be supported on the X platform. However, as a long-time Dogecoin bull, Musk has given supporters reason to be optimistic.<br /><br />The coming year will be crucial for Dogecoin as the community looks for it to transition from meme token to functional digital currency. Elon Musk’s plans for X could be the catalyst that propels Dogecoin through its next stage of maturity and adoption.
