X may be cooking up something for crypto if Nikita Bier’s post is any clue

X’s product head, Nikitia Bier, recently posted on X that crypto has had a rough year. In the same post, he said that X might launch something to fix it. Statistically, crypto not having a great year does seem accurate. It’s unclear whether X wants to launch its own coin or an app that acts as a payment interface for other cryptocurrencies.

Given Elon Musk’s support for the memecoin DOGE, there’s a chance that the new crypto venture could be tied to that. A few people suggest adding the option to tip in DOGE.

It’s worth noting that Nikita is also an advisor at Solana (an open-source blockchain for crypto transactions). We can’t rule out a collaboration between Solana and X, because Solana also replied to Nikita’s post with the eyes emoji. A few people also speculate that cashtags might launch this week. Trusted crypto media like Cointelegraph also replied to the post, saying “We’re in.”

Reactions from people are largely mixed, with some claiming there’s nothing X can do to fix the crypto situation because of the war. Others are more optimistic because X now has money transmitter licenses in almost every US state.

It’s unlikely for the company to develop a wholly separate app that’s dedicated to crypto. It makes sense to tie it with X Money. A video of someone making a real purchase with X Money surfaced on the web recently, and you can read about that here.

X Money was supposed to launch in early April, according to Elon Musk. However, there seems to be some delay since it’s already mid-April.

X initially had plans of converting the platform into a super app. However, we’ve recently seen the release of the standalone XChat app and now another X Money app. This suggests that they’re branching out and releasing multiple apps with different purposes instead of stuffing everything into the main X app, which is good.

Disclaimer: The featured image was generated with AI and is not an official logo of X Crypto.

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