Elon Musk’s ‘X Money’ Feature May Add Dogecoin as Chatter Grows

Key Insights:

• The first version of X Money will focus on fiat-based peer-to-peer payments, but markets predict a crypto and possible Dogecoin integration.
• Industry figures such as Paul Barron said X Money could become one of the largest crypto on-ramps globally.
• DOGE surged about 8% toward $0.10 after the news, with trading volume jumping 127% to $2.27 billion.

On Tuesday, March 10, Elon Musk announced the launch of ‘X Money’. He said the in-app payments feature of X will be available for public access. It will go live starting in April 2026. The announcement was enough to send Dogecoin price soaring, with bulls attempting a breakout past $0.1.

Elon Musk’s X Money Could Storm The Market With Crypto Integration

Elon Musk has announced that “X Money” will enter early public access next month. This marks the platform’s next step toward building an integrated financial ecosystem within the social network.

The initial version of the service is expected to focus on fiat-based payments. This allows users to send and receive money directly within the X platform. That’s similar to services offered by Venmo or PayPal.

Market observers are also speculating about the potential for future cryptocurrency integration. If X Money eventually supports digital assets like Bitcoin, it will bring crypto payments to hundreds of millions of users worldwide. This move could accelerate mainstream adoption of cryptocurrency.

For years, Elon Musk has been a proponent of the Dogecoin meme coin, and the DOGE community remains excited. Furthermore, with Musk’s goal of making X an everything app, a crypto integration isn’t impossible.

With X reporting roughly 600 million users, analysts say the rollout could position the platform as a large-scale financial gateway.

Thus, X Money will directly compete with some of the existing players, such as Robinhood and Coinbase. Elon Musk’s X platform holds a huge leverage of a massive user base, which is 5x that of its competitors.

X Money Can Be Largest Crypto On-Ramp

Dogecoin Price On The Move

Following Elon Musk’s announcement of X Money arrival, Dogecoin price jumped nearly 8% moving up to $0.10. It makes DOGE the top-performing major crypto asset over both the 24-hour and on the weekly chart. If bulls hold past $0.10, it could lead to a major breakout on the upside.

Elon Musk has previously described Dogecoin as his “favorite cryptocurrency.” Moreover, Tesla began accepting DOGE for merchandise purchases in 2022.

Following the X Money announcement, Dogecoin has seen a massive 127% spike in daily trading volumes. It’s now reaching to $2.27 billion.

Besides, market data indicates that increased derivatives trading and renewed whale accumulation largely drove the spike. Analysts noted that a significant portion of the activity came from futures markets rather than spot buying.

In one notable transaction, a large trader reportedly opened a $359,000 long position on Dogecoin through Binance futures. This shows a growing speculative interest in the asset.

He said Musk’s vision of an integrated “everything app” will become realistic if financial and crypto services keep expanding within the platform. This growth strengthens the foundation for broader adoption.

Looking ahead, Barron projected that the platform could attract more than 200 million active on-chain users within three years.

Moreover, Barron hasn’t ruled out the possibility of Dogecoin as a possible tool for micro-payments. He added that DOGE could be a strong contributor to the creator economy.

Barron argued that stablecoins could play a key role in enabling near-instant global remittances within the platform’s payment ecosystem. He also suggested that assets such as XRP could potentially support institutional liquidity infrastructure.

He emphasized this potential if crypto integrations are eventually introduced. The payments app will offer a 6% yield on user balances along with peer-to-peer transfers within X.

Paul Barron, CEO of Rever Networks, said the upcoming X Money platform could become one of the largest global crypto on-ramps.

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