Since Mr. Mask is known for his support of Dogecoin, the announcement of X Money was unexpected.

He has been admired by the crypto community as the "Dogefather," but in the new payment platform, he didn't mention DOGE at all.
Does this mean something?

X Money is a payment currency platform launched in partnership with Visa, but at launch, it focuses on traditional finance.
Peer-to-peer transfers, instant bank transfers via debit cards, and fund management through X Wallet.
Functions similar to PayPal, Venmo, and Cash App. But from this, there’s no sign of cryptocurrency.

This is puzzling. Considering Mr. Mask’s track record of supporting Dogecoin.
Incorporating DOGE into Tesla and SpaceX payment methods, or changing Twitter’s logo to a Shiba Inu to spike the price.
So why is there no cryptocurrency in X Money?

Regulatory complexity is likely a factor.
Cryptocurrencies are under strict scrutiny from financial authorities.
It might be more strategic for Mr. Mask to establish X Money as a payment method first and then integrate DOGE later.
The partnership with Visa makes it convenient to comply with existing financial regulations.
Adding crypto could complicate the story.

However, it doesn’t seem like crypto is completely excluded.
X Payments LLC is applying for remittance licenses in 40 states and Washington D.C.
If approved, this would establish a legal foundation.
Also, Visa has gained experience handling cryptocurrencies through its integration with Coinbase.
By October 2024, Visa Direct will be integrated with Coinbase, allowing users to buy and sell cryptocurrencies seamlessly.

Mr. Mask is an unconventional businessman.
He’s currently excluding crypto, but it might be a matter of strategic timing.
Waiting for clearer regulations or a market that’s more receptive.
At that point, DOGE could play a bigger role on X Money.

Mr. Mask’s relationship with Dogecoin is not just marketing; he genuinely aims to mainstream this meme coin.
If DOGE is integrated into the payment platform, it would make significant practical progress.
Right now, X Money still looks like a traditional payment app, but in the long term, it could evolve into an innovative payment currency system.

For Dogecoin holders, it’s probably safest to HODL and wait for the next move.
If Mr. Mask is in charge, anything could happen.