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Could Elon Musk's X Money Use XRP? XRPL Foundation CTO Weighs In
The article reports that X Money, a payments system, currently has no crypto or stablecoin support and is tied to fiat money. However, the XRPL Foundation CTO, Angell, hopes this can change, suggesting possible future integration with digital assets like XRP.
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What happened
The article reports that X Money, a payments system, currently has no crypto or stablecoin support and is tied to fiat money. However, the XRPL Foundation CTO, Angell, hopes this can change, suggesting possible future integration with digital assets like XRP.
Confirmed
Global impact / market context
If X Money adds crypto support, it could boost XRP's use and demand, potentially increasing its price. This would benefit XRP holders and could encourage other payment platforms to adopt digital currencies, expanding their everyday use.
Analyst inference
The potential integration comes as payment systems explore digital assets for speed and lower costs. XRP already aims for fast, cheap cross-border transfers, making it a plausible fit. Any confirmation could shift investor interest toward XRP and related blockchain projects.
Analyst inference
What to watch
- Watch for any official announcement from X Money about adding crypto or stablecoin support. Currently, the system relies solely on fiat, and no timeline for change has been given. Confirmed
- Follow XRPL Foundation CTO Angell's statements to see if he proposes specific technical steps or partnerships that could enable X Money to integrate XRP. Proposals may include development plans or collaboration ideas. Proposed
- If integration occurs, watch for changes in XRP trading volume and price. Analysts infer increased adoption by major platforms like X Money could strengthen XRP's market position and investor confidence. Analyst inference
Affected assets
- CTO — Vida Global CTO
- XRP — XRP