Elon Musk's X platform, formerly Twitter, is unlikely to support cryptocurrency transactions in the near future. Despite speculation that Musk, a known supporter of Dogecoin, would integrate cryptocurrency into X's payment plans, regulatory documents suggest otherwise. X Payments, the payment service planned by Musk, has obtained licenses in 28 states to operate like Venmo or Zelle, but cryptocurrency is not part of the plan.

Although Dogecoin supporters still hope for future integration, there is no indication from Musk or Twitter CEO Linda Yaccarino that cryptocurrency will be included. X aims to increase user engagement through its payment platform, charging minimal fees at launch. However, after Musk's acquisition, X's revenue decreased by 40% in the first half of 2023, making it challenging to increase user engagement and loyalty.

X's payment platform faces stiff competition from established banks and payment services, making it difficult to attract users. While Musk has expressed interest in cryptocurrency in the past, his recent focus seems to be on traditional payment services. X's future plans and initiatives remain unclear, but for now, cryptocurrency is not part of the payment service.

The shift in focus from cryptocurrency to traditional payment services may be a strategic move by Musk to appeal to a broader audience. X's payment platform has the potential to rival established services like Venmo and Zelle, but it needs to offer something unique to attract users. By charging minimal fees and providing user-friendly services, X may be able to increase user engagement and loyalty.

In conclusion, while cryptocurrency enthusiasts may be disappointed that X is unlikely to support cryptocurrency transactions, the platform's focus on traditional payment services may be a strategic move to expand its user base. As the payment service landscape continues to evolve, X's future plans and initiatives will be worth watching.