Elon Musk X Twitter Rebrand Superapp - Which Coins Will it Use For Payments?
Twitter owner Elon Musk is in the process of implementing a long-awaited rebrand of the social media platform to a new super-app called “X”.
“X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities,” Twitter CE Linda Yaccarino said on Sunday.
“Powered by AI, X will connect us all in ways we’re just beginning to imagine.
The platform has already dumped its iconic bird logo in favor of a new X logo.
Given the new super-app’s emphasis on payments, the rebranding has sparked renewed speculation about what medium of exchange might be used within the platform.
Musk has previously said that he wants any future Twitter payments to, first and foremost, be built around fiat currencies.
However, he has also said that he wants crypto functionality to be added at a later date.
Dozens of wannabe X tokens were created and launched on decentralized exchanges (DEXs) over the weekend, with some seeing impressive pumps and traders piled in, looking to turn a quick profit.
But only a few blue-chip cryptocurrencies that have in the past caught Musk’s attention are in with a serious shout of making it onto a future Twitter payments platform.
Let’s examine the candidates.
Elon Musk has been a supporter of Dogecoin, the world’s largest meme coin by market capitalization and a self-sustaining, decentralized cryptocurrency network in its own right, for more than 2 years now.
He has confirmed that he does own the Dogecoin, and frequently references it on Twitter, including replacing the old Twitter bird logo with the Dogecoin logo for a short time earlier this year.
The rebranding has seen Dogecoin pump on Monday, despite broader
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