Elon Musk, owner of X and a billionaire businessman, made an intriguing comment on cryptocurrencies earlier today.
Musk has warned about a new kind of cryptocurrency that has nothing to do with Twitter. In response to a user who pointed out that Elon Musk and X had not introduced any digital tokens, Musk declared that neither he nor X would ever do so.
US senators are concerned that Elon Musk would introduce his own stablecoin, according to a recent Market Watch report citing its own sources. Thus, Musk declared that this would never occur.
In addition, Musk indicated in his statement that there was no research into the possibility that he would establish an exchange on Twitter for the purchase and sale of cryptocurrency.
However, in January, details of “Twitter Coin,” a top-secret digital currency project designed for use on Twitter, began to leak out. It was apparent that rather than being founded on blockchain technology, this initiative would instead represent a regional token redeemable for platform services.
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