"Popular memecoin Dogecoin jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service. Apparently triggering the move was Musk a screenshot of podcaster Joe Rogan's X profile. The post included a dollar icon that's different from the app's tipping service, one user noted in an , speculating that it might be for sending money as part of X Payments. Musk replied "true" to the post."
"Dogecoin's price has a of moving on payments-related news - no matter how fanciful - at any Elon Musk-owned companies including X, formerly known as Twitter. Musk long floated to turn the social media site into an "everything-app," encompassing payments between users. X Payments LLC money transmitting licenses in most U.S. states, excluding New York. Some crypto enthusiasts speculate that the service, once live, might include transactions with some digital assets such as DOGE,"
Dogecoin jumped about 5%, returning to multi-year highs following speculation that Elon Musk's social app X may launch a user-to-user payments service. The move followed Musk posting a screenshot of podcaster Joe Rogan's X profile that showed a dollar icon distinct from the app's tipping feature; a user suggested the icon could represent X Payments, and Musk replied "true." Dogecoin has historically reacted to payments-related signals tied to Musk-owned companies. X Payments LLC holds money-transmitting licenses in most U.S. states except New York. Some enthusiasts expect the service might accept digital assets such as DOGE; Tesla already accepts DOGE for some merchandise. DOGE is up about 190% month-to-date and at its highest level since May 2021, outperforming flat bitcoin over the past 24 hours.
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