Main navigation

Elon Musk's Tweet Makes Crypto Community Pleased, Here's Why

Sat, 08/12/2023 - 08:56
article image
Yuri Molchan
Crypto community members who like idea of getting paid on X are pleased with Elon Musk's new post
Elon Musk's Tweet Makes Crypto Community Pleased, Here's Why
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The "X boss" Elon Musk has published a post, stating that he and his team are striving to turn the former Twitter into "the best platform for creators around the world."

Several large accounts focused on XRP and Dogecoin, as well as smaller ones, responded immediately. They stated to Musk that they would like to be paid in crypto, their favorite coins — XRP and DOGE — in particular.

About a week ago, this topic was also raised by the community as the rumor spread about Elon Musk's platform issuing a native "X coin." Musk then commented on them, refuting those rumors and stating clearly that the company does not intend to create any sort of "X token."

So far, the company is paying out part of its revenue income to creators in fiat money, but the community is not losing hope and keeps asking Musk to implement crypto payments on X (formerly known as Twitter).

Shytoshi Kusama Clarifies His Jab at Elon Musk's X, Here's Why He Did It

Musk also made it clear that he does not plan to launch any internal service for trading stocks and cryptocurrencies on X, contrary to several media articles.

The tech tycoon has recently rebranded Twitter as X, the "everything app." For the convenience of content creators, he has added the opportunity for them to publish long reads and also integrated a feature for streaming videos.

Still, the plans that were announced before the Twitter acquisition — to integrate Dogecoin for payments — have not come true yet. After a recent X post about "something special coming soon" by Musk, the DOGE community began speculating that their dream would be finally realized.

However, this was about X not keeping any percentage of creators' rewards until the threshold of payouts exceeds $100,000.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at