Entrepreneur Elon Musk recently shot down rumors that X (previously Twitter) might launch its own cryptocurrency in a post on his social media platform.
X Platform Owner Elon Musk Says X Will Never Have Its Own Crypto Token
Musk clearly asserted, “Elon Musk and X never launched a crypto token.” in response to a warning from user @cb_doge, who urged caution against bogus tokens and false publications.
In the world of cryptocurrencies, particularly in relation to Dogecoin, Musk is a well-known individual who has a track record of influencing market patterns. He once amusingly changed the Twitter logo at the time into the Dogecoin symbol, which caused the meme coin’s value to soar. However, Semafor reports that Musk’s upcoming company, X, is looking to partner with a significant provider of financial data to create a trading center on the platform.
Company X to be Established is Close to Financial Data Companies
According to documents and insider sources, X contacted financial data providers to request bids for the integration of real-time stock data and financial content. No financial reward is guaranteed, despite the fact that potential partners are given access to millions of highly qualified consumers. The project’s investment commitment from interested corporations was asked for.
According to Musk, “No work is being done on this to the best of my knowledge.” He temperated these rumors on X.
This statement implies that such a service might be on the horizon, albeit not right away, even if it is not a categorical denial.
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