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⛓️ Crypto NeutralImportance 6/10

Elon Musk Cosigns X Money Post, But Does It Have Anything To Do With Dogecoin?

Bitcoinist|Scott Matherson|
Elon Musk Cosigns X Money Post, But Does It Have Anything To Do With Dogecoin?
Image via Bitcoinist
🤖AI Summary

Elon Musk has endorsed a post about X Money while securing money transmission licenses, reigniting speculation about his financial services app plans. The connection to Dogecoin remains unclear, though Musk previously drove DOGE's massive 33,000% rally in 2021 by calling it his favorite cryptocurrency.

Key Takeaways
  • Elon Musk has cosigned a post about X Money, his planned financial services application.
  • Musk has secured money transmission licenses in multiple jurisdictions to support the venture.
  • The billionaire was instrumental in Dogecoin's 33,000% price surge in 2021.
  • Speculation continues about whether Dogecoin will be integrated into X Money services.
  • Musk previously called Dogecoin his favorite cryptocurrency, fueling community expectations.
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