Elon Musk's Potential Use of Cryptocurrency in X Payment Service摘要：】自從馬斯克於1999年創立其首個知名創業公司X（後成為PayPal）以來，他便開始探索金融科技的數位轉型。馬斯克與PayPal的歷史或許能預示他對於X的金融願景。馬斯克過去曾表示偏好DOGE而非比特幣作為支付方式，這增加了DOGE作為X支付一部分的可能性。...
Since founding his first well-known startup company X in 1999 (later becoming PayPal), Elon Musk has been exploring the digital transformation of financial technology. Last year, X (formerly Twitter) announced plans to launch a peer-to-peer payment service, aiming for "innovation in 2024," attracting widespread attention. Currently, X payment has been registered in at least 32 states, and Musk's ambition does not stop there. He stated, "When I talk about payments, I mean everything involving an individual's financial life." He plans to allow X users to transfer funds to each other and withdraw to certified bank accounts, and to launch peer-to-peer payment functionality this year, unlocking "more user utility and business opportunities."
The history of Musk's involvement with PayPal may foreshadow his financial vision for X. In 1999, Musk co-founded X.com, a company offering online financial and email payment services, which later merged with Confinity to establish PayPal in 2001. Although Musk faced power struggles and was fired in the early days of PayPal, he always retained the original "X concept." Musk's influence on cryptocurrency should not be underestimated. In 2019, he praised the "quite brilliant" structure of Bitcoin, and subsequent actions, including Tesla's $1.5 billion Bitcoin purchase and plans to accept Bitcoin payments, had a significant impact on the market. However, concerns about Bitcoin's energy consumption later led him to suspend this payment method, demonstrating the volatility of his attitude towards cryptocurrency.
Whether X will fully pivot to cryptocurrency is still a question. Musk has proposed to establish a financial ecosystem potentially driving widespread acceptance of cryptocurrency. His vision is for X to become a platform encompassing "money, securities, or anything else." Although Musk seems currently more inclined towards fiat currency, the role of cryptocurrency on the X platform remains to be determined. For fans of Dogecoin, the prospect of Musk integrating DOGE into the X payment system is an exciting one. Musk has previously expressed a preference for DOGE over Bitcoin as a payment method, increasing the potential for DOGE to be part of X payment. However, regulatory challenges faced by large tech companies may impact the implementation of this plan. With the expected launch of the payment system in mid-2024, the integration of cryptocurrency before the end of 2024 seems unlikely.
In conclusion, Musk's interest in cryptocurrency combined with X's financial vision paves new possibilities for the future use of cryptocurrency on mainstream payment platforms. As official confirmations and plan details are made public, the cryptocurrency community's expectations and discussions about the future will continue to be fervent.
