CryptoX product chief floats idea of building "something" to...

X product chief floats idea of building “something” to address crypto slump

-


Bitcoin climbed back to $74,000 on Monday to blunt its year-to-date losses. But even with the rebound, the token sits roughly 15% lower for the year as the crypto market struggles to recapture the upside momentum seen earlier this spring.

X’s product head Nikita Bier said the platform might “launch something to fix it.”

X Money to open early public access this month

It’s unclear what “something” refers to, as Bier did not provide any further details. There is speculation that it may be tied to X Money, a payments service integrated into X to support peer-to-peer transfers, digital wallets, and extensive financial tools.

Elon Musk has confirmed that early access to X Money is coming this month after completing internal testing and an external beta.

Comparable to Venmo or PayPal, the service is expected to support Musk’s goal of developing X into an everything app. It includes payments, cards, and account management features.

Crypto integration is not currently included. However, former CEO Linda Yaccarino previously said that X planned to introduce investment and trading features as part of a push to turn the platform into a combined financial and social ecosystem. That suggests digital assets may be considered in future updates.

X removes bot networks at scale in push to clean up platform

X has recently intensified efforts to combat bots, introducing stricter detection methods and rapidly suspending accounts across the platform.

Crypto-related accounts have been bearing the brunt of the purge, as the company targets spam and coordinated promotion.

The cleanup is improving signal quality, but some users say it is also suppressing visibility and penalizing legitimate posts.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Elon Musk’s X Money Is Finally Live: Is this Bullish News for Crypto?

Nikita Bier, X’s head of product, posted seven words on April 14 that pulled in more than 3.7M...

French government gives crypto entrepreneurs priority police line

French crypto entrepreneurs will be given priority use of an emergency police line and offered home security checks...

Jeff Bezos-Backed EV Startup Raises $650M to Launch $25K Electric Pickup

Slate Auto, the EV startup backed by Jeff Bezos, secures $650 million in funding for an affordable pickup...

A Massive Win for XRP? What the SEC’s Newest Crypto Rule Means for XRPL DEX

The SEC's guidance highlights how protocol-level execution can reduce compliance burdens for frontend builders. The US Securities and Exchange...

Advertisement

Spartans Casino Aims to Scale Past Pulsz & Global Poker by the End of 2026

The digital gaming industry is undergoing a massive transformation as players seek more autonomy, better rewards, and diverse...

Crypto traders in the UK will have data handed to taxman from 2026

From January, UK crypto firms will hand HMRC names, dates of birth, addresses, countries of residence, and National...

Must read

Elon Musk’s X Money Is Finally Live: Is this Bullish News for Crypto?

Nikita Bier, X’s head of product, posted seven...

French government gives crypto entrepreneurs priority police line

French crypto entrepreneurs will be given priority use...

You might also likeRELATED
Recommended to you