Elon Musk Shoots Down Rumors of ‘X Coin’ To Reward Creators on His Social Media Platform

Elon Musk has shot down rumors that his social media platform X (formerly known as Twitter) will implement an “X coin” to reward creators.

An X account with the handle “X News Daily” said in a new post that the social media platform “might be looking at launching [a] coin for creators!”

Musk, however, replied to the post with a simple “no.” The celebrity billionaire purchased X/Twitter in October 2022 after a drawn-out period of negotiations that began that April.

Musk is known for his affinity for the popular memecoin Dogecoin (DOGE). He’s made sporadic comments about DOGE for years, including discussing the asset in an interview with the Wall Street Journal in May.

Says the billionaire,

“Dogecoin is my sort of favorite cryptocurrency because it has the best humor and has dogs…

A friend of mine has a saying that the most ironic explanation is the most likely and the most ironic outcome for currency would be that the thing that was made as a joke to make fun of cryptocurrencies. The most ironic outcome would be that it becomes the global currency.”

Reports have circulated throughout the year that Musk intends to introduce crypto payments on X.

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