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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InElon Musk, CEO of X, has announced that the external beta for its new payment service, X Money, is set to launch within the next one to two months. This initiative marks a significant step in X's ambitious strategy to transform into an "everything app," integrating diverse services beyond social media. The payment feature aims for a global rollout, positioning X as a comprehensive digital platform. Analysts suggest that the introduction of X Money could significantly boost the adoption of digital payments, potentially including cryptocurrencies. Given Musk's historical influence on the crypto market, particularly assets like DOGE, BTC, and ETH, this development is viewed as bullish for the sector. The integration of such a service within a widely used platform could drive increased utility and demand for digital assets.