Nikita Bier, X's head of product, has made a thought-provoking statement that may indicate 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 set to launch in April, featuring peer-to-peer transfers, bank deposits, a debit card, and cashback rewards, all built in partnership with Visa.
Although details about the product are limited, it is known that X Money will operate on a fiat basis, with no confirmed integration of crypto functionality. However, the company has not explicitly ruled out the use of blockchain technology, leaving room for speculation. Recently, X hired Benji Taylor, Aave's former Chief Product Officer, which has further fueled the debate about the company's potential plans for crypto integration. Bier's statement has added to the ambiguity, leaving the crypto community wondering whether X's upcoming launch will be a competitor or a complementary force in the industry.