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Will Elon Musk Pick XRP Over Dogecoin For X Payments? Market Expert Answers

by admin June 7, 2025

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Market expert Joshua Dalton has given his opinion on what cryptocurrency the world’s richest man, Elon Musk, is likely to pick for his X payments. Dogecoin has, for a while now, been rumored to be the crypto that will get the nod, but Dalton has explained why Musk might choose XRP instead.

Musk Could Choose XRP Over Dogecoin

In an X post, Dalton said he believes Elon Musk will do anything to make XRP a chosen one and use it, instead of Dogecoin, on X. The expert is confident that the world’s richest man will make this move, knowing that the Trump family will watch their crypto ventures and Bitcoin crash before their eyes.

Dalton was alluding to the clash between Musk and Trump, in which the world’s richest man has openly criticized the US president over the ‘Big Beautiful Bill.’ The expert believes that Musk is likely to take a step further in his feud with Trump by choosing XRP, probably given the discord between the XRP and Bitcoin communities.

The Trump family has shown their affinity for Bitcoin, with Eric Trump the co-founder of America Bitcoin, a BTC mining firm. The president’s company, Trump Media, recently raised $2.5 billion, which it intends to use to create a Bitcoin Treasury Reserve. Truth Social has also filed for a Bitcoin ETF. As such, Dalton predicts that Musk will choose to join the other side of the divide by picking XRP for his X payments rather than Bitcoin or Dogecoin.

Interestingly, amid the Trump-Musk clash, Bitcoin maximalist Samson Mow has urged the world’s richest man to go all in on BTC rather than picking XRP or any other crypto asset. He further encouraged Musk to allow Tesla to begin receiving payments in BTC while SpaceX can offer discounts on payments made with the leading crypto.

Musk chose not to speak about XRP when he was asked about it during a Town Hall meeting last year. On the other hand, Musk once jokingly described ‘Bitcoin’ as his safe word, while Tesla holds over 11,000 BTC. Dogecoin is also in the mix for the X payments, given the world’s richest fondness for the meme coin.

X Looking To Adopt Stablecoins Instead

While the debate continues over whether Musk will choose XRP, Bitcoin, or Dogecoin for X payments, a Fortune report has revealed that the social media platform is exploring the use of stablecoins. The report stated that the firm is already holding early talks with crypto firms, including payment processor Stripe, about integrating stablecoins.

Specifically, Musk and his platform are discussing how to integrate stablecoins into the payments app ‘X Money.’ The social media platform is said to view stablecoin adoption as a means to lower transaction costs and optimize cross-border payments. This raises questions about whether Musk will enable support for other cryptos, such as XRP or Dogecoin.

XRP trading at $2.18 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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June 7, 2025 0 comments

Crypto Trends

Uber signals interest in stablecoins to streamline global payments

by admin June 6, 2025

Ride-hailing company Uber is exploring the use of stablecoins to streamline global payments and reduce transaction costs associated with cross-border transactions.

During his appearance at the Bloomberg Tech Summit in San Francisco on 5 June, Uber CEO Dara Khosrowshahi confirmed the company is in the “study phase” of evaluating stablecoins as a potential tool for international money movement.

Stablecoins offer “a practical benefit other than crypto as a store of value,” describing the technology as “super interesting” for global businesses.

According to Khosrowshahi, while opinions on Bitcoin vary, stablecoins stand out for their utility in payments.

“Especially for global companies that are moving money around globally, stablecoin is quite promising,” he added.

Stablecoins are digital tokens engineered to mirror the value of traditional currencies, most often the US dollar. Anchored by reserves such as cash or short-term government bonds, they blend the rapid settlement and borderless nature of crypto with the trust and stability of fiat.

As digital commerce scales globally, stablecoins are becoming essential infrastructure, with an increasing number of enterprises treating them as tools for financial operations.

As previously reported by crypto.news, Fireblocks’ 2025 “State of Stablecoins” survey found that 90% of the surveyed financial institutions were actively integrating stablecoins into their systems. These include major banks, payment processors, and fintech platforms, many of which now process millions of stablecoin transactions each month.

Speed was cited as the top advantage by nearly half the respondents, with cost savings and liquidity also ranking high on the list of strategic benefits driving adoption.

Besides Uber, other major companies have also shown interest recently. Stripe’s co-founder John Collison revealed in May that the company has been in early discussions with banks on stablecoin integration.

Much of the momentum behind stablecoins can be traced to a global shift toward clearer, more supportive policy frameworks.

For instance, in the U.S., lawmakers introduced the bipartisan GENIUS Act, establishing a comprehensive framework for payment stablecoins by outlining various requirements for stablecoin issuers.

Elsewhere, in Europe, the rollout of MiCA has set a new standard for how digital assets are treated, giving companies firmer ground to build on. At the same time, regulatory developments have also been observed across Asia, in jurisdictions such as Hong Kong, Singapore, and Pakistan, among others.

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June 6, 2025 0 comments

Crypto Trends

Uber Once Again Says It’s Considering Crypto (USDC, USDT) Years After Mulling BTC Payments

by admin June 6, 2025

Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as a payment method, which marks the third time the company has made the claim since 2021.

Speaking Thursday at the Bloomberg Tech conference in San Francisco, Khosrowshahi said the company is in the “study phase” of evaluating stablecoins for operational use.

“I think stablecoins are one of the more interesting instantiations of crypto that have a practical benefit beyond being a store of value,” Khosrowshahi said.

Uber was an early member of the Diem Association (formerly Libra), joining in 2019 to support Meta’s now-defunct stablecoin initiative aimed at reshaping global payments.

“You can have your opinions on Bitcoin, it’s a proven commodity, and people differ on where it’s going. But stablecoins seems quite promising, especially for global companies moving money around internationally,” Khosrowshahi continued on Thursday. “That’s super interesting to us, and we’re definitely going to take a look.”

The remarks echo what Khosrowshahi told CNBC in September 2021, when he said Uber would “look into” accepting BTC and other cryptocurrencies as payment.

At the time, he dismissed any plans to put crypto on the company’s balance sheet, saying, “We are going to keep our cash safe.”

Later, in February 2022, Khosrowshahi told Bloomberg that the company would “absolutely” accept cryptocurrencies as a form of payment at “some point” in the future, but emphasized that the time wasn’t right yet.

“We’re having conversations all the time,” Khosrowshahi said at the time. “As the exchange mechanism becomes less expensive and becomes more environmentally friendly, I think you will see us leaning into crypto a little bit more.”

When he made crypto-related comments in 2021, BTC traded flat for the next three months.

However, his February 2022 comments came weeks before the beginning of an industry-shaking major market correction, which kicked off later that spring.

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June 6, 2025 0 comments

NFT Gaming

Crypto Payments Firm MoonPay Secures New York BitLicense

by admin June 4, 2025

In brief

MoonPay was granted a BitLicense and money transmitter license in New York.
The firm says it can now operate coast-to-coast in the United States without coverage gaps.
New York City’s “Bitcoin Mayor” Eric Adams recently suggested ending the BitLicense.

Crypto payments company MoonPay has been granted its BitLicense and money transmitter license from the New York Department of Financial Services, it announced on Wednesday.

Now, MoonPay customers based in New York can access the firm’s entire stack of fiat-to-crypto services.

“The New York BitLicense is a critical milestone for MoonPay, enabling us to directly service New York customers,” MoonPay co-founder and CEO Ivan Soto-Wright told Decrypt. “New York is considered the gold standard in U.S. financial regulation, and we are thrilled to join the small group of companies that have passed this rigorous process.”

The BitLicense is a New York license necessary for conducting business in virtual currencies in the state. It allows an entity to maintain custody of digital assets on behalf of others, perform exchange services, and more.

With its New York licenses granted, MoonPay now holds money transmitting licenses in 47 United States jurisdictions, and registrations in countries like the United Kingdom, Australia, and Canada.

Established in 2015, the BitLicense has been historically difficult to obtain for businesses looking to conduct crypto activities in the state. But current New York City mayor Eric Adams—the self-proclaimed “Bitcoin mayor”—recently suggested it should no longer exist.

“I want you back in the city of New York, where you won’t be attacked and criminalized. Let’s get rid of the Bitcoin license and allow us to have the free flow of Bitcoin in our city,” Adams said at the recent Bitcoin 2025 conference in Las Vegas.

Adams has been vocal in support of the crypto industry, recently hosting a crypto summit after calling for NYC to become the “crypto capital of the world.”

MoonPay has helped move the needle in that direction, unveiling a new headquarters in New York City at the end of April prior to being granted its BitLicense.

“New York is the financial capital of the world. Our business has always been about bridging the traditional finance industry and the new crypto economy, and now, with our new HQ in New York and our BitLicense, we can work more closely with the largest financial institutions in the world,” said Soto-Wright.

The firm, which said it notched its best financial year by reaching profitability in 2024, played a pivotal role in the early success of President Donald Trump’s Solana meme coin launch.

As for what’s next, Soto-Wright told Decrypt, “We are going to continue investing in talent in New York and the United States, with more announcements coming soon.”

Edited by Andrew Hayward

Editor’s note: This story was updated after publication to clarify attribution for the MoonPay comments.

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June 4, 2025 0 comments

Crypto Trends

Crypto Payments to California State Agencies Inch Closer to Reality

by admin June 4, 2025

In brief

California Assembly unanimously passed AB 1180 allowing state agencies to accept crypto payments, now heading to Senate.
If enacted, the bill would take effect July 2026 as a pilot program through 2031 before full implementation.
California would join Florida, Colorado, and Louisiana in accepting cryptocurrency for state obligations.

A new bill has been passed by the California State Assembly which will mean state agencies are able to accept crypto payments if it comes into law.

The vote was a unanimous 68-0 and now moves to the Senate where it can be taken further.

Assembly Bill 1180 (AB 1180), passed on June 2, will require the Department of Financial Protection and Innovation (DFPI) to further develop rules to permit the state fees and transactions under the Digital Financial Assets Law (DFAL), so cryptocurrencies can be used.

The DFPI is the regulatory agency that any entity with crypto business must go through to attain a license to operate.

The bill could become effective as soon as July 1, 2026, if it is signed into law by Governor Gavin Newsom at the Senate level.

There could be a longer wait to see it active though as the bill’s sponsor, Democratic Assembly member Avelino Valencia, says the pilot program would run until January 1, 2031. It could then become fully operational.

This is not the first bill of this kind. California will join Florida, Colorado and Louisiana who have already accepted crypto payments for certain obligations in years past.

This bill would work alongside AB 1052, aka the “Bitcoin rights” bill, which passed on May 23 and aims to lay out crypto self-custody rights for the state.

All this should make way for using digital financial assets as a legal form of payment in private transactions, without public entities being able to restrict or tax them.

Currently 117 merchants accept Bitcoin payments in California.

This comes following heightened national attention after President Doanld Trump made his pledge to support Bitcoin reserves.

Edited by Stacy Elliott.

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June 4, 2025 0 comments

GameFi Guides

XRP’s Future? Ripple CTO Reveals It Is Bigger Than Payments

by admin June 4, 2025

Ripple Chief Technology Officer David Schwartz has offered one of the clearest public signals yet about where he sees XRP and the broader XRPL ecosystem heading – and it is not just about crypto anymore.

In a series of direct posts, Schwartz said the technologies Ripple has built could reasonably be considered a financial system, not just a payments tool.

California lawmakers approve bill allowing crypto payments for state services

by admin June 4, 2025

A California bill that would allow state departments to accept cryptocurrency payments has passed the State Assembly with a unanimous vote.

On June 2, California lawmakers approved Assembly Bill 1180 (AB 1180) with a 68-0 vote during its third reading. The bill, introduced by Assembly member Avelino Valencia, is now advancing to the State Senate for further consideration.

If enacted, the legislation would require the Department of Financial Protection and Innovation to establish regulations allowing state fees and transactions under the Digital Financial Assets Law to be paid in digital currencies.

The bill proposes a pilot program that would run until Jan. 1, 2031, with full implementation scheduled to begin on July 1, 2026, upon approval by Governor Gavin Newsom.

Under AB 1180, the DFPI would also be responsible for submitting a report detailing the number and types of crypto transactions processed, as well as any technical or regulatory issues encountered during the program, by Jan. 1, 2028.

Digital financial assets under DFAL are defined as any digital representation of value used as a medium of exchange that is not legal tender.

With it, regulators hope to bring California in line with other states such as Florida, Colorado, and Louisiana, which already allow crypto payments for certain government services.

Before passing the Assembly, AB 1180 had several amendments. One key revision to the bill removed language concerning ride-sharing companies and personal vehicles used for transportation services, narrowing the bill’s focus to digital asset transactions under DFAL.

AB 1180 is expected to complement AB 1052, another crypto-focused bill introduced by Valencia, which would protect the use of digital assets in private transactions and enshrine the right to crypto self-custody.

AB 1052 was passed in an Assembly committee with an 11-0 vote on May 23 and is awaiting its third reading. It would prohibit public entities from restricting or taxing digital assets solely based on their use as a form of payment, if passed.

Other measures include preventing state and local governments from imposing limitations on hardware or self-hosted wallets, as well as provisions related to unclaimed digital property and public officials’ involvement with digital assets.

California has seen growing interest in crypto policy amid rising political support for digital assets, with figures like state Senator Ben Allen pushing for pro-crypto representation within the government.

Backing from the electorate also appears to be catching up. A February poll commissioned by Coinbase found that nearly four in five crypto holders in the state would vote for candidates with pro-crypto platforms.

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June 4, 2025 0 comments

GameFi Guides

California Assembly Passes Bill to Accept Bitcoin Payments

by admin June 4, 2025

California is one step closer to embracing crypto for state transactions. On June 2, Assembly Bill 1180 (AB 1180) was unanimously approved by the California State Assembly with a vote of 68-0. The bill will be considered by the Senate for additional approval.

If signed into law, AB 1180 will allow state departments to accept digital assets, like Bitcoin, for payments related to the Digital Financial Assets Law (DFAL). The law would take effect on July 1, 2026, if it gets the green light from the Senate and Governor Gavin Newsom.

🇺🇸 JUST IN: California Assembly passes bill to allow the state to receive payments in Bitcoin and digital currencies.

It passed 68-0, and now heads to the Senate. pic.twitter.com/3JWXlpuEWh

— Bitcoin Laws (@Bitcoin_Laws) June 3, 2025

The bill requires California’s Department of Financial Protection and Innovation (DFPI) to create rules for accepting crypto payments. The pilot program will last until January 1, 2031. DFPI will deliver a report in 2028 that covers all crypto transactions and the difficulties they found.

AB 1180 is designed to complement another proposed bill, AB 1052—dubbed the “Bitcoin rights” bill. This bill supports crypto self-custody rights and aims to protect private crypto payments from government interference or extra taxes. It passed its first committee stage on May 23 with an 11-0 vote.

As of now, 117 California merchants already accept Bitcoin, according to BTC Maps. With nearly 40 million residents, California’s embrace of crypto could have a big impact.

Also Read: Donald Trump to Launch Crypto Wallet for Bitcoin, TRUMP Memecoin

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June 4, 2025 0 comments

Crypto Trends

XRP Ledger Payments Count Crashes to Lowest Since October as XRP Fails to Keep With Bitcoin (BTC)

by admin June 3, 2025

Activity on the XRP Ledger, a decentralized public blockchain designed for quick, cost-effective real-time transfer of XRP, fiat currencies and other digital assets, has slowed considerably since the first quarter.

The number of payment transactions, representing the transfer of value from one account to another, dropped to 320,747 at press time, the lowest since October and significantly down from the average of over 1 million observed through March, April, and early May, according to data source XRPScan.

XRP Ledger payments. (XRPScan)

The number of active addresses also fell under 10,000, also the lowest since October. Meanwhile, the number of XRP burned as fees dropped to a multi-month low of 1,500 XRP, coinciding with a slowdown in the creation of new accounts. Account creators need to deposit 1 XRP, which can be reclaimed following the deletion of the account.

The slowdown follows an impressive first quarter during which payment transactions surged by an impressive 36% on a quarter-on-quarter basis, according to data tracked by Messari. Meanwhile, active addresses registered a 142% growth.

Positive outlook

The Messari report was optimistic about XRP Ledger’s prospects, citing an increase in institutional adoption through strategic partnerships and acquisitions.

In April, Ripple, which leverages the XRP Ledger to provide payment solutions, Hidden Road, making it the first crypto company to own and operate a global, multi-asset prime broker.

Early today, Ripple’s enterprise-grade RLUSD stablecoin received the green light from the Dubai Financial Services Authority (DFSA), opening doors for its use in the Dubai International Financial Centre (DIFC).

More announcements could hit the wires next week during Ripple’s XRP Ledger Apex 2025 event, which will take place in Singapore from June 10 to 12.

XRP struggles to keep pace with bitcoin

Bitcoin, the leading cryptocurrency by market value, recently rose to new lifetime highs above $110,000, marking a surge of over 40% from its early April lows near $75,000.

The stellar recovery also lifted the broader market higher, with XRP jumping from $1.60 to $2.60, a 62% increase, according to CoinDesk data. However, the rally in the payments-focused token has stalled since then, falling well short of its peak of around $3.40 registered in January when BTC set its then-lifetime peak of $109K.

The divergence indicates that XRP is not benefitting from bitcoin’s new highs the same way it did earlier this year. It could be a sign of waning demand for XRP, suggesting caution, as a potential downturn in Bitcoin could weigh heavily on XRP’s price.

XRP fails to keep with bitcoin’s new highs. (TradingView/CoinDesk)

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June 3, 2025 0 comments

Crypto Trends

Ripple’s XRP, RLUSD Enter Europe, Brazil Cross-Border Payments

by admin June 3, 2025

Ripple has joined forces with Unicâmbio, one of the oldest and largest foreign exchanges in Portugal, to make cross-border payments faster and easier. According to the announcement, both companies plan to work on this partnership so that people and businesses in the region can transact between Europe and Brazil using Ripple’s XRP and RLUSD-powered payment system.

In short, users will get quicker transfers, lower costs, and full transparency. Ripple’s system also runs 24/7, so businesses won’t be limited by bank hours or delays. This partnership would also integrate Ripple’s On-Demand Liquidity (ODL) which would allow Unicâmbio to send money across borders without needing to keep large amounts of cash in foreign bank accounts.

Instead, it uses digital tokens like XRP and RLUSD to complete payments instantly. With this system, Unicâmbio will be able to provide service to corporate clients, and also exchange funds between two and more businesses.

According to Adriana Jeronimo, the Executive Board Member at Unicâmbio. The company feels confident about using this route to expand the business due to the fact that Ripple is salable and has a large influence in the industry as well as vast knowledge of international payment.

“Working with a team that shares the same vision and who is as involved in the project as we are so that we can deliver the best value to our customers is exactly what Unicâmbio needs,” Adriana said.

Adriana said Ripple is the ideal firm to partner with because it has the system and technology with a “large global network and a quality solution at a cost to make sense of what Unicâmbio needs for international transfers”

Unicâmbio was founded in 1992 and handles over 3,000 transactions a day. It serves more than 280,000 customers worldwide and supports over 50 different currencies. With Ripple’s help, the company is opening new doors and building stronger payment connections around the world.

Also Read: VivoPower Selects BitGo for Exclusive XRP Trading & Custody

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June 3, 2025 0 comments