Famous economist and investor Raoul Pal predicts that there will be only one altcoin that Elon Musk will prefer in his Twitter vision. X-App, which will be a new all-in-one application, debuted at the beginning of the week with the new logo.
Elon Musk will choose this altcoin for X-App
For those who missed it, Elon Musk’s acquisition of Twitter paves the way for building the X app he’s been planning. Earlier, Musk said that one of the reasons he bought Twitter was to speed up the creation of an all-in-one app or super app called X. The Twitter boss is ‘copying’ its Chinese counterpart, WeChat, for this vision. Super apps combine mobile payments, messaging and social media.
Over the weekend, Musk reported that X-App will come to life after coming up with a new logo. On Monday, Twitter appeared in front of its users with the expected logo. He changed the legendary blue bird logo on the website to the “X” and did the same at Twitter’s headquarters. Following the latest developments, the famous economist Raoul Pal heralds the altcoin that will be included in this new platform for payments…
Raoul Pal tweeted that he believes Elon Musk bought Twitter with several targets in mind. The first is the use of artificial intelligence and, according to Pal, “giving the free speech angle in a neutral model”. He also believes Musk needs artificial intelligence to train the Optimus robot.
The second thing Raoul Pal mentioned was the cryptocurrency that Musk would use to pay creators. The famous economist made a prediction that Dogecoin (DOGE) will be integrated for this.
Two things Ive said when Elon bought "X":
Elon bought it for the AI, and the free speech angle is to give it an unbiased model. He needs the AI to train the Optimus robot.
He will use crypto to be able to make global payments for creators etc. My guess is he uses Doge. 1/
— Raoul Pal (@RaoulGMI) July 24, 2023
The economist also said that Musk would like to help users—businesspeople, investors, etc. – it predicts that it will soon integrate other payment types to allow them to make all their financial conversations through this app and pay immediately there too.
First steps taken for crypto payments on X-App
Several US states have recently licensed Twitter Payments LLC, a vital part of the “X coin” system, to conduct crypto transactions. In January of this year, the Financial Times wrote that this move is part of Twitter’s adoption of crypto. This report boosted Dogecoin price by 7%. But the DOGE community has been on the lookout for new news ever since.
Plus, Musk was often vocal about his crypto vision, even before he bought Twitter last summer. He has repeatedly expressed the idea of integrating Dogecoin for micropayments, payments for Twitter Blue, and rewards for creators.
https://twitter.com/elonmusk/status/159671851097755648
Now, the eyes of the crypto community are on Elon Musk’s next actions. cryptocoin.com As we have reported, developments on April 3 had pushed the DOGE price up. DOGE is currently trading at $0.07767, slightly higher than its competitors. It leads the biggest coins, keeping its weekly earnings above 10%.
