Nikita Bier, X's head of product, recently sparked interest with a statement that may have revealed the company's plans. 'Crypto has had a tough year, perhaps it's time we introduce something to address these issues,' Bier wrote in a post that garnered over 677,000 views in a matter of hours. This comes as Elon Musk's X Money is set to launch in April, offering peer-to-peer transfers, bank deposits, a debit card, and cashback rewards, all built in partnership with Visa and available in over 40 US states. While the details of X Money are still unclear, it is known to be a fiat-based product with no confirmed crypto features.
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, has also fueled speculation about the potential overlap between X's product and crypto. Bier's statement has left many wondering whether X will compete with crypto or eventually integrate it into their platform, potentially using blockchain infrastructure without directly exposing users to it.