Elon Musk’s X Introduces Payment Feature: Dogecoin Integration Possible?

cryptonews.com:

Over the past 24 hours, the Dogecoin price has seen a modest 2.45% gain, contributing to overall market growth with meme coins up an average of 5.30%. Meanwhile, rumours of X integrating DOGE as a payment method have sparked particular interest in the coin.

This revived growth provides some relief from Dogecoin’s recent rut, reclaiming some of the 21.26% loss since last Wednesday – a decline that reflected wider market trends observed among other notable cryptocurrencies .

The likes of which have erased the progress made by Dogecoin in recent weeks, placing it at an 8.77% loss over the past month

Notably, the recent volatility appears to be stabilizing as trader activity subsides, with trading volume plummeting 53.56% to 975.11 million in the past 24 hours.

This stability comes amid anticipation of a Dogecoin integration into X’s forthcoming payments feature.

Last year, Elon Musk , the owner of X, shared his vision of transforming X into an “everything app,” with the payment service being a key element.

Swak, an X user known for leaking upcoming app features, revealed that the payments feature is now in development on X .

Analysis of the X payments development code shows no direct mention of Dogecoin. However, a web URL (/i/payments/verify-payment-method) suggests that multiple payment methods will be available.

This prospect has fuelled speculation among Dogecoin investors, who cite Musk’s past and ongoing public support for Dogecoin as grounds for potential DOGE integration.

Notably, Musk recently reaffirmed his fondness for Dogecoin , stating that he has a “soft spot for Dogecoin because I like dogs and memes.”

At the same time, he remarked that he has no affinity for Bitcoin or other cryptocurrencies,