A Kick from Elon Musk to the Fallen: "Cryptocurrencies Won't Exist in the Near Future" - Coin Bulletin

Elon Musk's recent statements regarding the 'X Money' payment system expected to be launched on the X platform have disappointed cryptocurrency investors.

It has long been speculated that X, the social media platform owned by Elon Musk, will include cryptocurrencies, especially Dogecoin, in its payment system.

Even the information leaked from the source code of X in recent days has revealed that this system will come to life in the near future, and experts have said that cryptocurrencies will also be a part of this.

However, Elon Musk stated on January 7th that he has no plans to include cryptocurrencies in the X Payment system in the near future. Musk, who is primarily seeking a more regulated environment, drew attention with his statement, 'we will need licenses'.

There will be no Cryptocurrencies in the near future. We need licenses. I am only focusing on fiat currencies. And I'm really good at it.

X is continuing its efforts to obtain money transfer licenses on behalf of X Payments LLC throughout the United States to implement payment services.

With Donald Trump taking over the US on January 20, it is expected that all these crypto currency licensing processes will accelerate.