XRP News Today: Elon Musk May Choose XRP for X Money Amid Crypto Volatility

Joshua Dalton, the founder of blockchain startup TRIBLU, has suggested that tech billionaire Elon Musk might soon embrace XRP as the backbone of his upcoming financial platform, X Money. This assertion, made in a recent post on X (formerly Twitter), has sparked ongoing speculation about which digital asset could anchor Musk’s ambition to turn X into an all-in-one communication and payments super app.

Dalton stated that Musk “will do anything” to position XRP as the central currency of the platform. “I believe Elon Musk will do whatever it takes to make Ripple XRP the chosen one and integrate it into X — all while Eric Trump, Donald Trump Jr., and Donald Trump watch World Liberty Finance and Bitcoin collapse before their eyes.” He wrote on Thursday.

While there’s no official indication that Musk is planning such a move, the idea has found traction among XRP supporters, particularly as tensions grow between Musk and former U.S. President Donald Trump, a known Bitcoin enthusiast. Earlier last week, their feud escalated after Musk criticized a federal spending bill, prompting Trump to threaten Musk’s government contracts. That political drama made Tesla’s shares tumble and wiped out over $150 billion from its market cap.

Musk, who has previously distanced himself from Bitcoin over its environmental impact and mining centralization, may find XRP’s efficiency and speed attractive. XRP’s eco-friendly, low-cost transaction model could align well with X Money’s planned cross-border capabilities. Though Musk has primarily focused on Dogecoin in his crypto commentary, he did mention XRP publicly for the first time in October 2024 during a viral video. Responding to a question about XRP’s global potential amid regulatory scrutiny, Musk acknowledged that cryptocurrencies like XRP could support individual financial freedom. He carefully stated his comments were “not an endorsement or lack of endorsement.”

Anthony Scaramucci, former White House Communications Director and founder of SkyBridge Capital, has also echoed the possibility of integrating crypto into X. “I think he’s going to build a super app there and I think he’s going to be using crypto.” Scaramucci had said in an April interview. “Will it be his own coin the way Telegram is doing it? Will it be stable coin? It will be something. I don’t know what it will be but it will be something.”

This speculation comes at a time when the crypto markets are experiencing significant volatility, with Bitcoin dropping over 6% following the clash between Musk and Trump. XRP also dipped amid the broader sell-off. The potential integration of XRP into X Money could provide a stable and efficient solution for cross-border payments, aligning with Musk’s vision for a comprehensive financial platform.