Elon Musk’s Tweet Makes Crypto Community Pleased, Here’s Why

Crypto

Elon Musk, the “X boss,” wrote in a post that he and his colleagues are working to make the previous Twitter “the best platform for creators around the world.”

Smaller accounts and some big ones focusing on XRP and Dogecoin replied right away. They told Musk that they prefer to be paid in cryptocurrencies, namely their favourite coins, XRP and DOGE.

When word got out that Elon Musk’s platform will be releasing a “X coin” on its own, the community also brought up this subject. Then, in a response, Musk denied the rumours and made it plain that the firm has no plans to produce any kind of “X token.”

X (previously known as Twitter) is now paying some of its revenue income to creators in fiat currency, but the community isn’t giving up and is pleading with Musk to accept cryptocurrency payments.

In contrast to various media reports, Musk also made it plain that he has no plans to provide any internal service for trading stocks and cryptocurrencies on X.

Twitter was recently relaunched by the internet billionaire as X, the “everything app.” He has included a function for streaming videos and given content authors the option to post lengthy readings for their convenience.

However, the pre-Twitter acquisition intentions to use Dogecoin for payments have not yet materialised. The DOGE community started to believe that their goal might eventually come true after Musk recently said “something special coming soon” on the X platform.

This was about X not holding a portion of the creators’ compensation until the payout threshold exceeded $100,000, though.

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