Nikita Bier, X's head of product, recently sparked interest with a statement that may be hinting at the company's upcoming plans. In a post that garnered over 677,000 views in a matter of hours, Bier said, "Crypto has had a rough year. Maybe we should launch something to fix it." This comes as Elon Musk's X Money is preparing to launch in April, featuring peer-to-peer transfers, bank deposits, a debit card, and cashback rewards, all built in partnership with Visa and operating in over 40 US states. While the details of X Money are still unfolding, it is known to be a fiat-based product, with no confirmed cryptocurrency integration.
However, the company has not ruled out the possibility of incorporating blockchain technology in the future. The recent hiring of Benji Taylor, former Chief Product Officer at Aave, adds to the speculation about the potential overlap between X's services and the crypto space. Taylor's expertise could contribute to either competing with crypto for users seeking convenient and yielding financial services or integrating crypto infrastructure into X's offerings. For now, the ambiguity surrounding X's plans leaves the crypto community wondering if the next significant development will come from within or from external platforms like X.