• Elon Musk mentions XRP publicly for the first time, highlighting crypto’s role in decentralization.
  • The XRP community reacts with excitement as Musk’s comment fuels speculation about future integration.
  • Despite speaking on XRP, Musk’s loyalty remains with Dogecoin, which X already supports for payments.

Elon Musk has mentioned XRP publicly for the first time. In a video circulating on Crypto Twitter, he addressed whether XRP could play a role in the global financial system. 

His response highlighted the broader role of cryptocurrencies in reducing centralized control. Musk emphasized that although his statement was not a promotion of XRP, he supported the liberty provided by cryptocurrencies, including XRP.

BREAKING: 🇺🇸 ELON MUSK ASKED ABOUT $XRP !

Elon Musk was asked— “Do you envision the XRP Ledger being incorporated into the financial institutions in the future”

Elon responded by stating — “ This is definitely not an endorsement or lack of endorsement for XRP, but I do think… pic.twitter.com/Y4fndBjiFg

— Good Morning Crypto (@AbsGMCrypto) October 20, 2024

XRP Community’s Response

This comment has stirred the XRP community, which has long sought Musk’s recognition. Prominent XRP enthusiasts have expressed optimism, noting the similarity between the X logo and the XRP symbol.

He previously reacted to XRP-related news, such as Ripple’s legal battles with the SEC. In October 2022, he responded with a simple No way after learning about the SEC’s release of documents tied to Ethereum’s regulatory status. His indirect involvement continued when he endorsed a podcast discussing Ripple’s partial legal victory​.

Dogecoin Remains Musk’s Favorite

Even though Musk mentioned XRP, he remains primarily interested in Dogecoin ( DOGE ). During the bull market of 2020/2021, he openly expressed his endorsement for DOGE, contributing to its price reaching all-time highs. The platform X has also been integrating features like crypto payments, with DOGE being one of the currencies accepted. This has strengthened the belief among DOGE supporters that Musk favors the meme coin over others​.

Read CRYPTONEWSLAND on google news

The Future of X and Crypto Payments

X has secured money transmitter licenses in 29 U.S. states, aiming to launch crypto payment services soon. Musk’s push towards integrating cryptocurrencies on X hints at a broader plan for digital currency transactions, although XRP’s role remains uncertain. 

While his mention of XRP does not guarantee its inclusion, it does open the door for further discussions among crypto enthusiasts​.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.