Recently, Elon Musk's X platform announced significant news, launching a new encryption wallet and payment feature "X Money", which is currently undergoing a small-scale test in the US market. The system allows users to directly store encryption, conduct payment transactions, and provide financial support to content creators.

According to reliable sources, the X platform plans to launch physical payment cards and investment trading features in the future, showing that Musk is not just vocally supporting encryption but is substantively integrating encryption payments into the social media ecosystem.

This move indicates that the X platform is gradually transforming into a "U.S. version of a super app," allowing users to complete various financial activities such as tipping, receiving payments, and spending within a single platform, significantly enhancing user experience and platform stickiness.

From a broader perspective, this transformation could redefine the development path of Web3 and even has the potential to become a catalyst for the next round of cryptocurrency bull market. Although the overall market is still in a wait-and-see period before interest rate cuts, X platform, as one of the major social media platforms globally, its large-scale adoption of encryption could significantly enhance the mainstream recognition and practical value of this technology.

It is worth mentioning that Dogecoin, as the encryption currency publicly supported by Musk multiple times, has already benefited in advance from this strategic layout. With the full opening of the XMoney feature, the value of the encryption assets obtained through the platform may see significant growth.

At this critical moment, investors in the encryption market are closely monitoring every move of the X platform, preparing for a potential turnaround in the market.