Super App X Leaks: Transactions, Payments but No Dogecoin?

Elon Musk's vision of turning X into the world's first "super app" is gradually becoming a reality, as a leaked presentation on the Financial Times reveals the plan to launch integrated trading and payment on this platform in 2025. The card deck, circulated among industry participants this week, describes how X will integrate brokerage APIs - essentially stock trading in a Robinhood style - and cryptocurrency rails on-chain, all wrapped in a digital wallet provided by Visa called X Money. But in a decision that has been controversial, Dogecoin - the memecoin that Musk once supported - is notably absent from the roadmap. A fintech hub is emerging—But where is Dogecoin? Leaked documents describe X as a one-stop financial shop. Users will soon be able to trade stocks, send and receive payments, and store value right within the X app. The brokerage API will unlock frictionless investing and blockchain rails will provide fast, borderless cryptocurrency transactions. X Money, launched first in the United States, will provide tipping services, peer-to-peer payments, and in-app purchases, supported by Visa's global payment network. But alongside all those innovations, there is still something missing: Dogecoin. For all of Musk's public passion for memecoins over the years, and the rumors that it would be at the center of X's cryptocurrency ambitions, there is no mention of any token in the leaked documents. Instead, there is an emphasis on fiat rails and regulatory compliance. Followers of this industry are wondering: is this a strategic shift to appease regulators or just a delay before fully deploying cryptocurrency? Regulatory barriers and challenges of 41 states X's ambitions in financial technology are facing significant legal barriers. The company is registered as a money transmitter in 41 states of the United States, covering approximately 80% of the population, but not all states are fully covered. The states that oppose the most are New York, Texas, and California, and without their approval, X's payment and trading capabilities will not be accessible to all users in the United States. Meanwhile, in Europe, the Digital Services Act (DSA) threatens to impose heavy penalties for any mishandling of data or content moderation, forcing X to change its compliance framework. Cryptocurrency partner and future of finance on-chain Visa is a fiat payment partner of X, which has been confirmed, but the cryptocurrency sector remains open. Despite speculation that stablecoins like USDT or USDC will be next, and Charles Hoskinson of Cardano publicly proposing a "Bitcoin 2.0" roadmap to integrate Dogecoin, Musk remains silent about the memecoin. X may be waiting for clearer regulations on cryptocurrencies from the United States—or perhaps Visa itself does not want to touch volatile assets. Robinhood, PayPal and Meta in the crosshairs X's move is creating a wave in the world of financial technology. Robinhood, which has generated 43% of its revenue from cryptocurrencies, is being directly threatened by X as it adds a commission-free trading feature and cryptocurrencies. PayPal's Venmo will be overshadowed by the social payment feature of X Money, while WhatsApp and Facebook Pay from Meta - which still lack transaction features - will lose in the battle to become the first true super app in the West. For those loyal to Musk's cryptocurrency, the absence of Dogecoin is not just a technical issue but also a test of loyalty. Some observers believe that the legal risks are too high for X to launch a memecoin in a pioneering position. Others predict that the rollout will occur in phases, with Dogecoin or other cryptocurrencies being put into use as the fiat money system goes live and users and regulators have built trust. Additionally, it is also possible that Visa, an important partner, has withdrawn risky cryptocurrency assets from the watchlist at this time. What future awaits X and the super app revolution? As the beta testing process is underway and the launch date in 2025 approaches, the future of X will be determined based on the ability to obtain licenses, operate according to global regulations, and earn the trust of users. As CEO Linda Yaccarino said, "2025 X will connect you in ways you never thought possible." But as the race for financial technology heats up, the question arises whether Musk's X can realize the vision of a combined financial and social platform - and whether Dogecoin will eventually shine.