In a recent X space hosted by Cathie Wood of Ark Invest, Elon Musk, an advocate for DOGE, disclosed that the anticipated launch of in-app payment services on his ‘everything app’ X is slated for mid-2024. Musk expressed frustration over bureaucratic delays, stating that the platform is awaiting final approvals, with California and New York’s consent being critical. Musk acknowledged that the delay was due to the time-consuming process of obtaining money transmitter licenses.
Despite hopes among crypto enthusiasts for Musk to integrate his preferred cryptocurrencies, including Dogecoin and Bitcoin [BTC], into the X payments system, Musk neither confirmed nor denied such integration. He emphasized that he spends “hardly any” time contemplating digital assets, dampening expectations surrounding crypto-related developments. Nevertheless, Tesla, under Elon Musk’s leadership, still retains approximately $148 million worth of Bitcoin on its balance sheet, and the company allows customers to make purchases with DOGE at the Tesla Shop.
DOGE Community Gets Ready For Moon Mission
Meanwhile, a highly anticipated event in the crypto community unfolded with the arrival of the “Dogecoin on the Moon” calendar date. Pittsburgh-based firm Astrobotic plans to send a physical Dogecoin to the moon via the DHL Moonbox aboard ULA’s Vulcan Centaur Rocket, scheduled for the next 24 hours. This mission, funded by the meme coin community in 2015, symbolizes a collective effort and showcases the convergence of meme-driven crypto enthusiasm with tangible achievements in space technology.
Crynet, a blockchain agency, emphasized that sending the token to the moon serves not only as a whimsical goal but also as a strategic marketing move. This initiative aligns the meme-driven crypto craze with real achievements in space exploration, creating a unique narrative that captures the imagination of both crypto enthusiasts and the broader public.
As Elon Musk navigates regulatory hurdles for X’s in-app payment services, the crypto community remains captivated by both the potential integration of digital assets on Musk’s platform and the epic journey of the OG meme token to the moon.