Ahead of the launch of X Money, analytics platform TapTools outlined why Cardano integration could strengthen the payments system’s global financial ambitions.
Momentum has been building in recent weeks around X Money, an initiative aimed at turning X into a financial super app. Excitement grew after Canadian actor William Shatner shared the first screenshot of the payment platform.
Meanwhile, the widely followed X account Teslakonomics further deepened the speculation by predicting that the platform could eventually integrate cryptocurrencies.
Important points
- TapTools claims that Cardano’s scalable, energy-efficient, and low-cost blockchain infrastructure makes it a strong candidate to power large-scale digital payments on X.
- Some community members believe that the upcoming launch of Midnight could make it more suitable for financial services within the X ecosystem.
- Early screenshots of X Money suggest that the platform is moving towards general availability.
- Previous speculation suggested support for assets such as: $XRP Elon Musk recently responded to a post suggesting that platforms may prioritize stablecoin adoption.
“X Money should integrate Cardano”
In a tweet, TapTools explained how Cardano could support microtransactions, creator payments, and global peer-to-peer transfers if Elon Musk incorporates cryptocurrencies into the X payments ecosystem.
Scalability
According to TapTools, Cardano’s blockchain infrastructure is built for high transaction throughput, allowing it to process large volumes of payments. As a result, if X Money serves the platform’s hundreds of millions of users, the network could potentially support millions of transactions.
low trading fees
Additionally, TapTools highlighted that Cardano transaction fees are low and predictable. This feature could potentially enable tipping systems, creator payments, and peer-to-peer transfers directly within the X ecosystem without relying on traditional payment processors.
energy efficiency
The analytics platform also highlighted Cardano’s energy efficiency. The network operates on a proof-of-stake (PoS) mechanism rather than a high-energy consumption proof-of-work (PoW) system. This model is therefore consistent with Musk’s long-standing interest in sustainable and efficient technology infrastructure.
Decentralization and security
Additionally, TapTools pointed out Cardano’s strong security and decentralization. The network is supported by over 3,000 independent stake pools, ensuring it remains censorship-resistant and the system operates without centralized intermediaries.
Smart contract functionality and on-chain transparency
Beyond basic money transfers, TapTools noted that Cardano’s smart contract capabilities enable programmable financial services. These features could power automated payments, subscriptions, and decentralized finance tools built directly into X’s platform.
Additionally, the analytics platform highlighted Cardano’s on-chain transparency. TapTools noted that the system can provide greater auditability than traditional payment processors, as all transactions on the blockchain are publicly verifiable.
Community enthusiasm and current situation
TapTools’ proposal has received strong support from the Cardano community. Some users suggested that Midnight’s upcoming mainnet launch could further enhance privacy features within the ecosystem.
Some also point out that the Cardano network has not experienced a single downtime since its launch, and consider this a key reliability advantage.
On the other hand, X Money has not yet adopted any specific blockchain or token. The platform recently began an internal beta and is expected to be publicly available later this year.
Virtual currency or stablecoin?
Previous speculation suggested that the payment system could support assets such as: $XRP Or the cryptocurrency Dogecoin. Remarkably, Cardano founder Charles Hoskinson even reached out to Musk to modify Dogecoin and make it suitable for potential X Money integration. However, the billionaire did not respond.
Recently, Musk acknowledged a post suggesting that payment platforms may prioritize stablecoins instead. Nevertheless, given X’s large user base of around 570 million monthly users, cryptocurrency adoption could be an important milestone.
