X, formerly known as Twitter, may be planning to introduce more advanced cryptocurrency-related features to its users. This is based on a recent statement by Nikita Bier, the company's head of product, who mentioned that 'crypto has had a rough year' and suggested that X could launch something to address this issue.
While there has been no official announcement from the company, users have already begun speculating about what these new features might entail. Some have suggested that users should be able to invest in bitcoin instantly within the platform, while others believe that paying creator rewards in stablecoins such as USDC could benefit both users and the platform.
X has already started laying the groundwork for related functions, including the introduction of Smart Cashtags, which allows users to trade stocks and cryptocurrencies directly from their timelines. The company has also been hiring talent with experience in blockchain products, including Benji Taylor, who was appointed as its new head of design in March.
The combination of Bier's statement, X's recent developments, and the appointment of experienced staff has raised expectations about what the future holds for cryptocurrency features on X. While nothing has been officially confirmed by the company, it is clear that they are considering expanding their services beyond a simple social media platform to include trading, payments, and creator rewards.