Elon Musk has said that his social media platform X (previously Twitter) has no plans to launch crypto tokens in response to a publish concerning questionable X and Twitter-based digital currencies on Saturday, Aug. 5.
In response to a publish by DogeDesigner, Musk addressed the problem of scam tokens like X (X) and TwitterDAO (TWITTER) falsely claiming connections to the social media platform. DogeDesigner had cautioned the crypto neighborhood about being cautious with articles associated to scam tokens and clarified that neither Musk nor X had ever launched a crypto token. In his reply, Musk asserted, “And we by no means will.“
Beforehand, Musk had dropped hints about integrating cryptocurrency as a fee choice on X. Merchants had been left questioning whether or not he would introduce a specific crypto token or stick together with his favourite — Dogecoin (DOGE).
And we by no means will
— Elon Musk (@elonmusk) August 5, 2023
Nonetheless, with the appointment of Linda Yaccarino as the brand new CEO, some doubts arose concerning the chance of a DOGE integration. Nonetheless, latest feedback from Musk have revived optimistic sentiments amongst Dogecoin traders.
Musk just lately introduced his bold imaginative and prescient of remodeling Twitter into an all-encompassing platform often known as X, the so-called “the whole lot app,“ officially rebranding Twitter to X in July.
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Following Musk’s affirmation that he has no intention of launching a crypto token, the worth of Dogecoin skilled a rise of over 2% in a matter of hours, in accordance with CoinMarketCap.
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