Linda Yaccarino, the CEO of X, recently teased several upcoming innovations for the social media platform in a New Year’s post, including X Money, X TV, and other enhancements set for 2025. The mention of X Money has sparked speculation that X may introduce its own cryptocurrency, particularly given Elon Musk’s known support for Dogecoin.
In her post, Yaccarino wrote: “2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more. Buckle up. Happy New Year!” This has fueled excitement among the X community, with some speculating that X Money could be linked to a cryptocurrency launch.
Musk’s strong ties to the crypto world, particularly his support for Dogecoin, have led many to believe that X could enter the cryptocurrency sphere. However, X is not the first social media platform to explore creating its own currency. Telegram attempted this with its Telegram Open Network (TON) in 2018, but the project faced regulatory issues and was eventually halted. Despite this, TON continued under a new group and has become a notable cryptocurrency in its own right, with a market cap of $14 billion and a trading value of $5.67 per token.
Similarly, Meta’s Diem (formerly Libra) initiative, aimed at creating a stablecoin, was abandoned in 2022 after facing significant regulatory opposition, and the assets were sold to Silvergate Capital Corporation. Given these past challenges, the success of X Money could depend on how it navigates the complex regulatory landscape around digital currencies.
It remains to be seen how X will develop X Money and X TV in 2025, but Yaccarino’s announcement has certainly sparked curiosity and anticipation among users and traders alike.