Linda Yaccarino teases X Money and X TV in New Year’s post

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As a seasoned analyst with over two decades of experience in the tech and finance sectors, I’ve witnessed the rise and fall of numerous innovative projects. The announcement by Linda Yaccarino, CEO of X, about the potential launch of X Money in 2025 has certainly piqued my interest. Given Elon Musk’s vocal support for Dogecoin, it’s not entirely far-fetched to speculate that X could indeed enter the cryptocurrency sphere.

However, history has shown us that the road to success is fraught with challenges, especially when it comes to social media currencies. Telegram’s TON and Meta’s Diem are prime examples of ambitious projects that faced significant regulatory hurdles. If X is to succeed where others have faltered, they will need to navigate these waters carefully.

That being said, I must admit a certain sense of amusement at the thought of yet another social media giant trying its hand at creating a cryptocurrency. It seems we’re entering the age of social media currencies, and who knows, maybe in a few years, we’ll be discussing X Money over coffee alongside Dogecoin, TON, and others.

In jest, I can’t help but wonder if the next big thing will be a metaverse where we can trade our virtual coffee beans for… wait for it… virtual latte dollars! After all, in this ever-evolving digital landscape, who knows what the future holds?

As a seasoned crypto investor with years of experience under my belt, I’ve seen the rise and fall of numerous digital currencies. With each new development, I find myself eagerly anticipating the next big thing in this ever-evolving market. The recent hints dropped by Linda Yaccarino, CEO of X, about launching X Money and other innovative features for their social media platform in 2025 have piqued my interest significantly.

Given Elon Musk’s vocal support for Dogecoin, I can’t help but speculate that X may be considering introducing its own cryptocurrency. As a long-time follower of Elon’s ventures and a believer in the potential of blockchain technology, I find this possibility intriguing.

If X were to launch its own cryptocurrency, it would undoubtedly shake up the market and create new opportunities for investors like myself. However, I remain cautiously optimistic, as any investment decision must be based on thorough research and a clear understanding of the risks involved. Only time will tell if X Money becomes a reality and how it might impact the crypto landscape.

In her New Year’s greeting, Yaccarino hinted at exciting advancements slated for release in 2025 for our valued X users. She highlighted the anticipated updates for X TV, X Money, and various additional features aimed at enhancing your overall experience with us.

Yaccarino, in her New Year message, subtly pointed to some groundbreaking developments coming up in 2025 for our esteemed X users. Specifically, she teased updates for X TV, X Money, and other improvements intended to boost your experience using our platform.

2025 is set to link you in unimaginable ways, introducing innovations like X Television, X Finance, Grok, and much more. Get ready for the ride! Wishing you a prosperous New Year! (Yaccarino’s latest post on Jan. 1)

Many traders commented on Yaccarino’s post, speculating that X will introduce its own currency.

2025 marks the dawn of the X Money era, and the enthusiasm among the X Money Community is palpable! This was shared by an account known as XMoney Community, who posted an AI-crafted image depicting Elon Musk sporting a sleek black X Money tee.

2024 was a game-changer for me. I remember feeling a sense of anticipation and excitement as X entered the scene. It wasn’t just another technological innovation; it transformed the way I connected with others, managed my finances, shopped online, and even interacted with public services.

As someone who had always been fascinated by technology, I was eager to embrace X and see where it would take us all. And boy, did it deliver! With the launch of X TV, X Money, Grok, and more, my life became seamlessly intertwined with this revolutionary platform. It’s hard to imagine going back to a time before X now.

I can’t help but feel grateful for being part of this journey, witnessing firsthand how X has made the world a smaller, more connected place. I eagerly await what 2025 will bring as we continue to explore the endless possibilities that X presents. So, buckle up and get ready for an exciting New Year!🥂

— Linda Yaccarino (@lindayaX) December 31, 2024

Known for his strong backing of the crypto world, especially Dogecoin (DOGE), Musk has frequently expressed his support. Many speculate that X Money may soon venture into the realm of cryptocurrencies due to his consistent favoritism towards Dogecoin.

The age of social media currencies: X Money, Diem and TON

It’s not just X that has tried to develop a digital currency using social media; back in 2018, Telegram introduced the Telegram Open Network (TON) blockchain project. The goal was to build a swift and scalable blockchain system capable of handling millions of transactions. To finance this large-scale initiative, Telegram managed to gather around $1.7 billion.

Because the U.S. Securities and Exchange Commission objected to Telegram’s token’s Initial Coin Offering (ICO), claiming it was an unregistered securities offering, the project had to be stopped in May 2020 by Telegram. Later on, a team of open-source developers and winners from a Telegram contest assumed control over the project and renamed the cryptocurrency as Toncoin, also known as TON.

Presently, TON is experiencing an increase of 4.2% and is being traded at $5.67. The total market value of TON stands at $14 billion, with its 24-hour trading volume surpassing $174 million. With a circulating supply of approximately 2.5 billion Toncoin tokens, it holds a substantial position within the cryptocurrency market.

Despite not all social media currencies achieving success, Meta attempted to launch one in 2019 with Diem. Initially known as Libra, Diem was presented to the public as a stablecoin payment system built on blockchain technology. Similar to Telegram’s experience, the Diem Association encountered numerous regulatory challenges, as authorities were resistant to the token.

Eventually, Meta decided to halt the Diem project in the year 2022, transferring all its related assets to Silvergate Capital Corporation for a total of $182 million, as reported by the BBC.

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2025-01-02 16:36