Recent speculations regarding Elon Musk's X social media platform trying out XRP payments have been dismissed by Vet, a validator on the XRP Ledger. The rumors were triggered by a transaction marked "Musk" on the network, but Vet clarified that no formal approval is necessary for such labeling.

Addressing the Speculation

Claims about X testing XRP payments spread following a transaction tagged as "Musk" on the XRP Ledger. However, Vet made it clear that there is no requirement for Elon Musk or any other party to authorize such labeling. "I have the ability to label my account as by Musk or JPM as well. No validation needed," Vet affirmed. This explanation puts to rest the notion that X was experimenting with XRP payments.

Possibilities for X's Payment System

Elon Musk's X social media platform is anticipated to introduce peer-to-peer payments in the upcoming year. However, it remains uncertain whether cryptocurrencies will be included in the platform. If digital currencies are integrated, Dogecoin appears to be a more probable option given Musk's inclination towards the meme coin. Therefore, the concept of XRP being used for payments on X does not appear to be feasible.

Future Solution for Identity Verification

An update is being developed to add Decentralized Identifier (DID) capabilities to the XRP Ledger. This change, created in alignment with World Wide Web standards, aims to deal with the issue of impersonalization. It will offer users a digital identity independent of any central authority. DIDs are easily verifiable through cryptography, making them resistant to tampering. Account holders will have the ability to create a DID for signing digital files, conducting transactions, and accessing websites. A user's identity on the XRPL will be verified with a DID document containing cryptographic public keys, with alterations only possible by those managing the private keys.

In Conclusion

The rumors regarding X's experimentation with XRP payments have been negated, and the inclusion of cryptocurrencies on the social media platform remains uncertain. Meanwhile, an update to the XRP Ledger is set to tackle the issue of impersonalization, offering users a decentralized and verifiable digital identity.