This speculation gained traction after Amelie, a cryptocurrency influencer from Dubai, asked X’s AI assistant, Grok, about the possibility of adopting XRP or its competitor Stellar (XLM) as a payment method on the platform.
Grok acknowledged the excitement surrounding the integration of cryptocurrency payments on X. The AI assistant revealed that it had come across hints and rumors suggesting that XRP might be a potential candidate for the platform’s payment system.
Grok even highlighted an unsubstantiated rumor that Elon Musk is reportedly testing XRP payments on X. While this specific claim has not been confirmed, it has undoubtedly fueled speculation within the crypto community.
WOW! 💥
I asked Grok: „Will X payments integrate #XRP or XLM as a payment method?“
Grok: „There are hints and whispers suggesting that X might be considering XRP for its payment feature.“ pic.twitter.com/lz65Qk77lz
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 1, 2024
Grok Warns Against Assumptions
However, Grok emphasized the importance of caution when interpreting these rumors. The AI assistant noted that X has also been linked to XLM, a cryptocurrency sharing the same founder, Jed McCaleb, and similar goals to XRP in facilitating international payments. This highlights that X might not be solely focused on XRP and could be considering other cryptocurrencies that align with its vision.
Uncertain Direction of X’s Payment Initiative
Grok ultimately concluded that there is no definitive answer yet on the direction X has chosen for its payment initiative. The AI assistant advised the crypto community to remain patient and await further developments as X reveals its official plans.
Clarifying Unfounded Rumors and Highlighting Dogecoin’s Potential Role
It is important to clarify that the rumors about Elon Musk testing XRP payments on X resurfaced months ago. Some community members misinterpreted an XRP wallet labeled “Musk,” with transactions involving popular XRP-supporting exchanges like Bitstamp and Uphold, as evidence of testing. However, it is crucial to understand that anyone can create an XRP wallet with any desired name, making these speculations unfounded.
Additionally, Grok highlighted the potential role of Dogecoin, a cryptocurrency Musk has previously endorsed, indicating that it might also be a contender in X’s payment strategy.
While XRP and XLM remain strong candidates, it is notable that Dogecoin may have a slight edge due to Elon Musk’s well-documented preference for the meme-based cryptocurrency. This is further evidenced by the acceptance of Dogecoin for certain purchases on the Tesla Shop.
It is important to acknowledge that X already holds a payment processing license in 31 U.S. states. This demonstrates the platform’s commitment to expanding its payment functionalities, and the potential integration of cryptocurrencies could be a significant step in that direction.
