TL;DR:
- Musk unveiled a promotional video for X Money, his financial service within X, which includes Visa cards, savings accounts, and instant payments.
- The launch operates exclusively with fiat money, leaving Dogecoin and any cryptocurrency out of this initial stage of the service.
- DOGE hovers around $0.07466 with an RSI of 22.64, in oversold territory, after losing its main fundamental driver within the X ecosystem.
Elon Musk unveiled a promotional video for X Money, the new financial service integrated into the social network X, which turns the platform into a fully-fledged banking alternative.
The proposal includes savings accounts, instant payments, passwordless access via passkeys, and Visa debit cards with no foreign transaction fees. Through its banking partners, X Money also offers an FDIC insurance of up to $10 million, a level of coverage that far exceeds industry standards.
— Elon Musk (@elonmusk) June 25, 2026
X Money: A Fully-Fledged Bank
The product operates exclusively with fiat money, a decision driven by concrete regulatory reasons. X Payments had to obtain money transmission licenses in dozens of U.S. states to enable the service legally. Incorporating a volatile memecoin into that process would have complicated regulatory compliance and generated resistance from regulators, something the company sought to avoid from the outset. The integration with Visa’s payment infrastructure also imposes security standards that make any experimentation with crypto assets difficult at this stage.
DOGE Falls Without a Real Catalyst
The absence of Dogecoin from the X Money ecosystem had direct consequences on its price. The DOGE/USDT pair currently trades near $0.07466 and, while it posted a 3% gain on the day, it fell 25% over the past month. The RSI sits at 22.64, in deeply oversold territory, while the daily chart shows a confirmed bearish signal above current price levels. The memecoin has been tracking a steady downtrend since May, and the lack of concrete utility within X Money eliminated the main fundamental driver that had sustained the community’s bullish expectations.
The central question within the crypto ecosystem is whether Bitcoin or Dogecoin could be added to X Money in a later phase, once the fiat base for everyday transactions is consolidated. For now, that possibility remains open in forums, but with no official confirmation from the company.
