X Hires Crypto Expert Ahead of Possible X Money Launch

X, the social media platform owned by Elon Musk, has made a significant hire in the field of cryptocurrency. Benji Taylor, former chief product officer at Aave Labs and founder of the crypto wallet Family, has joined X as its head of design.

Taylor's extensive experience in developing crypto products suggests that the company may be preparing to launch its in-house payments service, X Money. The exact details of X Money are still unclear, but experts speculate that it may be linked to Taylor's appointment.

The market reaction to the news has been mixed, with some analysts expressing optimism about the potential for blockchain and cryptocurrency integration into X Money. However, others have noted that there has been no official mention of such components by the company.