Elon Musk's X: Will SHIB Be Added to Payment Features?

• X Social Media Platform Introduces New Payment Feature
• Will Shiba Inu (SHIB) Be Featured in X's Payment Solution?
• The SHIB Army and Inclusion of Shiba Inu (SHIB)
• Future Considerations for Crypto Payments on X

X Social Media Platform Introduces New Payment Feature

The X social media platform, once known as Twitter and backed by Elon Musk, is set to unveil a new payment feature. Recently, a specific account was set up by the X team for this imminent feature. There is widespread speculation among users that this fresh addition might encompass cryptocurrency payments, considering Musk's prominent interest in the digital currency space - particularly Dogecoin$0.091 -0.42% (DOGE).

Will Shiba Inu (SHIB) Be Featured in X's Payment Solution?

Despite the buzz, it is important to mention that X has yet to formally announce its plan to include crypto payments in the new service. Nevertheless, with Musk's well-known affinity for cryptocurrencies and his history of incorporating digital assets as payment methods in his other enterprises such as Tesla and The Boring Company, the possibility remains. For instance, selected items, like merchandise, can be bought using Dogecoin (DOGE) and Bitcoin$42,260 -0.64% (BTC) in these companies.

The SHIB Army and Inclusion of Shiba Inu (SHIB)

The Shiba Inu$0.000010 -2.05% (SHIB) community, affectionately known as the SHIB Army, has made notable strides in the crypto arena. The group frequently achieves remarkable outcomes by focusing their energy on common objectives. An example of their influence is the listing of the token on the Robinhood crypto exchange, an achievement directly attributed to their concerted efforts.

On the flip side, it is worth recognising that SHIB is a highly volatile asset. It has dropped by over 89% from its historic high of $0.00008616, achieved in October 2021. This level of volatility may dissuade X from accepting cryptocurrency payments.

Future Considerations for Crypto Payments on X

While there is currently no definitive information regarding the inclusion of crypto payments on X, it remains a possibility that the platform may choose to incorporate all or no forms of digital currency payments. Moreover, if X decides to include Shiba Inu (SHIB) in its new payment service, it could potentially trigger an increase in both adoption and price of the token.

Edited by Jonathan Stoker