In a recent post that garnered over 677,000 views, Nikita Bier, X's head of product, subtly hinted that the company may be on the verge of launching something new to address the crypto industry's struggles. This comes as Elon Musk's X Money is set to go live in April, offering peer-to-peer transfers, bank deposits, a debit card, and cashback rewards in partnership with Visa.
Although details about the product's underlying technology are scarce, its design shares similarities with areas where crypto has focused, such as instant payments and yield on dollar balances. The recent hiring of Aave's former Chief Product Officer, Benji Taylor, has also sparked speculation about potential crypto integration. Bier's statement has left many wondering whether X will compete with crypto or eventually incorporate blockchain infrastructure, leaving the industry waiting with bated breath for its next catalyst.