Expectations for Dogecoin payments on the However, even a year after completion, DOGE payments have not yet been officially accepted on the platform. However, this has not discouraged users who believe that Dogecoin payments are coming in X, one of them being MyDoge Wallet CTO Alex Lewis.
Dogecoin payments are coming to X
In an interview with Fabrice Calmels, Alex Lewis shared some interesting thoughts on Dogecoin payments and the timing for the X platform. Sharing his excitement about the X platform, Lewis explains that the company has already applied to become a managed service like PayPal. This means that users can hold currency balances on the platform and use them for payments or tips.
The company has already received approval for some of these applications as well. Last August, X was approved to carry out activities as a payments hub in the United States. The company received a Currency Transmitter License (CTL) from the state of Rhode Island, which allowed it to add cryptocurrency payments to its platform.
Lewis explains that payments on Users can also hold Dogecoin balances, which can be used to pay for items and even tip on the platform. Lewis told Calmels: “I honestly believe that’s what’s going to happen.
DOGE price struggles at $0.0911 | Source: DOGEUSD On Tradingview.com
Elon Musk on DOGE payments
Elon Musk has previously talked about integrating Dogecoin payments into the X app, but this vision has not yet become a reality. Nonetheless, the company has been moving forward with its plans to integrate payments directly into its social media platforms.
Last October, Musk announced plans to transform the platform from a social media to a financial platform, and 2024 was specified as the year to make this happen. However, there is no mention of adding Dogecoin as a payment method for this plan. The closest thing DOGE supporters have gotten is that Dogecoin is mentioned in the source code of the Tesla CyberTruck website.
Musk previously revealed plans for a social media platform powered by DOGE, a plan he discussed bringing to fruition with his brother. But despite billionaires’ fondness for meme coins, this hasn’t happened yet.