American billionaire Elon Musk has confirmed that his social network X, formerly known as Twitter, is not going to develop its own cryptocurrency.
Earlier it became known that X received a license necessary to provide a cryptocurrency payment service and trading services in the United States. After that, the famous influencer DogeDesigner wrote that X was not going to launch his own coin.
“The team is more focused on making real money work in the app, rather than some kind of replacement currency,” he added.
Elon Musk commented on the post, writing: “That’s right.” Musk has previously stated that his platform X will not issue its own token, despite the businessman’s love for cryptocurrencies.
In the past, the company has taken several steps towards integrating cryptocurrencies on the platform. The bitcoin tip feature was added, and users were given the option to set NFTs as profile pictures.
