Nikita Bier, X's head of product, has made a thought-provoking statement that may be a hint at the company's upcoming launch. 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 weeks before the anticipated launch of X Money in April, which will offer peer-to-peer transfers, bank deposits, a debit card, and cashback rewards, all built in partnership with Visa. Although details about the product's underlying technology are scarce, it is confirmed to be a fiat-based product, with no official confirmation of crypto functionality. However, the company has not explicitly ruled out the use of blockchain technology, leaving room for speculation.
The recent hiring of Benji Taylor, Aave's former Chief Product Officer, further fuels the uncertainty. As the launch of X Money approaches, it remains to be seen whether the company will compete with crypto for users or potentially integrate crypto rails into its platform.