- A recent tweet by Gemini has ignited speculation about integrating XRP into Elon Musk’s X platform.
- Recently, a crypto influencer posted a screen-recorded video of a user suspected to be Musk, who was heavily involved in XRP.
Crypto exchange Gemini has sparked speculation with a cryptic post, paving the way for community users to fill in the missing words to decode the complete message.
On September 4, Gemini made a simple tweet – “Locking in,” without any details for context. Fascinatingly, a community figure identified as Alex Cobb traced its previously pro-XRP tweets to assume that the exchange was possibly referring to XRP. Confirming this, Gemini responded to Cobb with another word – XRP. However, an additional twist was found as the “X” initial was written using the logo of Elon Musk’s social Media giant X.
XRPEEEE— Cobb (@AlexCobb_) September 4, 2024
Out of the several meanings this could carry, most of the XRP supporters settled on a possible XRP integration into X. Interestingly, these rumors have been in the waves since X announced that it would add new payment options to the platform’s Tips monetization feature.
In 2022, X’s spokesperson was reported to have hinted that the platform had added Bitcoin (BTC) and Ethereum (ETH) to Twitter Tips.
Like Twitter, digital currencies operate without global barriers. We’re excited to incorporate Ethereum, in addition to Bitcoin payment in Tips, enabling more people to participate in the digital economy with as little friction as possible.
After XRP attained regulatory clarity last year, the campaign to get the asset integrated into X heightened with lawyer Fred Rispoli urging Musk to consider this.
Now you have the opportunity to challenge the SEC legally by adding XRP to X Payments. I bet your legal team would agree.
Reasons for XRP and X Speculations
The arm of X responsible for driving the much anticipated peer-to-peer payment business was recently reported to have secured three more licenses in the US for money transmitter activities. This implies that 22 states have now given the green light for the platform to send and hold customer funds.
Cobbs’ prediction was also influenced by a recent speculation that X is “supposedly” testing XRP payments. The speculation propounded by United Arab Emirates (UAE) based crypto influencer Amelie stems from a recent mention of X by Ripple’s Brad Garlinghouse during an interview.
Later, Amelie posted a screen recording of a transaction on the XRP Ledger facilitated by the username – “Musk”. According to the ledger entry, this user had a balance of more than 16 million XRP as of November 15, 2013. Around 2017, this user transferred about 8 million XRP. Also, the video alleges that Musk has a relationship with popular exchanges like Uphold and Bitstamp.
Countering this argument, an XRPL validator identified as VET argued that the labels of accounts on XRPL are not officially sanctioned. According to him, users can choose any name, including “Elon Musk”, and it is completely allowed.
XRP Ledger Account labelling on Explorers or other Wallet services is completely unauthorized. There is no authorization from Elon Musk needed to label this account. Nor any other people or entities. I can label my account to be by Musk or JPM as well. No proof needed.
At press time, XRP was trading at $0.55 after declining by 4% in the last 24 hours.
