We know that daddy Elon is building a payments system called X Money and all eyes will be watching with anticipation, to see how he handles the transition over to a digital payments network.
And the inevitable question, will he use the lightning networkAnd the inevitable question, will he use the lightning network
- He'll probably play it safe and introduce payments via fiat using a large payment provider like Visa, he'll need to keep the big banks in check and give them their kickback
Why?Why?
Business waffle: 'To establish the foundational structure for peer to peer payments and bank transfers, acting as a direct competitor to Venmo and PayPal'
Real talk: We are so entrenched in the fiat mindset, that's the only thing we know how to do 🤷
- The Shitcoin grift 🚀
The inevitable move, given Musk's history, the integration of shitcoinery is highly anticipated.
The league of Shitcoin Candidates:
These will not be mentioned on here, but we all know the usual suspects.
What are the chances that he actually goes all in and adopts the SN/Nostr approach of zapping? he has recently hinted at the strength of BTC versus fiat in a post on X. I searched for it and found a link but interestingly it's been deleted.
So where do stackers think Daddy Elon will pivot towards on his rollout of Xaps⚡️
I expect him to let us down once again. It definitely SHOULD be LN. Doing a sh$tcoin like DOGE might not work out well for him.
Yeah I agree. I think he might use Ripple and XRP though since they have been gaining traction with their partnerships.
Yeah, I'm 100% sure that he'll have fiat dollars as a major currency here. Probably most other national and multinational currencies (so the pound, the euro, etc). Probably doge because he loves it.
I don't use Twitter and I don't like Elon, so I don't really care, per se, but it really would make sense to add Lighting. And I can't imagine that some form of "zapping," (whether he uses the word itself) won't exist; being able to pay people quickly seems to be his major goal, and replicating his former company Paypal within the tool seems like a goal.
But no way any of the payments -- whether in dollars, doge, or btc -- aren't completely traceable and fully KYC'd.
I actually think that he is going to try to be a trail blazer with using Ripple and XRP. It will be a whole shock and awe type of thing that both companies will hype up but wont be all that impressive.