On March 6, it was reported that as X Money prepares to launch, the analytics platform TapTools pointed out that Cardano could become an ideal integration target for this payment system, providing technical support for its expansion in the global financial sector. X Money aims to make X a super financial app. Recently, Canadian actor William Shatner shared the first screenshots, attracting user attention, and the official account Teslaconomics hinted at potential future integration of cryptocurrencies.
TapTools stated that the Cardano blockchain has high transaction throughput, capable of supporting the massive payment demands of potentially hundreds of millions of X Money users. Its low transaction fees allow users to send tips, pay creators, and make peer-to-peer transfers without relying on traditional payment services. Cardano uses a proof-of-stake (PoS) consensus mechanism, which consumes far less energy than proof-of-work (PoW) systems, aligning with Elon Musk’s advocacy for sustainable technology.
Security and decentralization are also advantages of Cardano. Over 3,000 independent stake pools ensure the network’s resistance to censorship and maintain system stability without centralized intermediaries. Its smart contract capabilities support automated payments, subscriptions, and decentralized financial tools embedded within the X platform. On-chain transactions are transparent and verifiable, providing higher auditability for the payment system.
The community has responded enthusiastically to this integration proposal. Some users believe that the upcoming Midnight mainnet will further enhance privacy features, and since its launch, Cardano has never experienced downtime, demonstrating its reliability. Currently, X Money has not decided which blockchain or tokens to support. A test version is available, with a full launch expected later this year.
Previously, market speculation suggested that X Money might support XRP or Dogecoin. Cardano founder Charles Hoskinson even attempted to contact Elon Musk to improve Dogecoin for future integration with the platform, but received no response. Musk recently mentioned that the platform might prioritize stablecoins, but with X Money having approximately 570 million monthly active users, any addition of a cryptocurrency could become a significant milestone for the industry.
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