Elon Musk has said that his social media platform X (previously Twitter) has no plans to launch crypto tokens in response to a submit relating to questionable X and Twitter-based digital currencies on Saturday, Aug. 5.
In response to a submit by DogeDesigner, Musk addressed the difficulty of rip-off 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 rip-off 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 cost choice on X. Merchants had been left questioning whether or not he would introduce a selected 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 relating to the probability of a DOGE integration. Nonetheless, current feedback from Musk have revived optimistic sentiments amongst Dogecoin traders.
Musk lately introduced his formidable imaginative and prescient of remodeling Twitter into an all-encompassing platform often known as X, the so-called “all the pieces app,“ formally 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 response to CoinMarketCap.
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