RippleX engineering head J. Ayo Akinyele has called on Elon Musk to add Ripple’s $RLUSD stablecoin to X Money. Moreover, he claims that $XRP could follow if Musk pays attention to the request.
Akinyele, who is involved with RippleX, first thanked Musk for a $25 transfer to his X Money account and then asked: “When should we expect $RLUSD support?”
He later responded to another user calling for $XRP support, saying that “if we get Elon’s attention, $XRP will be in as well. No doubt.”
A new financial service
The comments come as X Money is now turning into an actual financial service.
X has already launched X Money in the United States to great fanfare. However, it will initially be available on an invite-only basis for paid subscribers.
The service makes it possible for users to hold funds and make real-time peer-to-peer transfers.
X has also introduced an X-branded Visa debit card. The service is being provided with banking infrastructure from Cross River Bank.
X Money is intended to turn X into a broader financial platform where users can store money, send payments, and so on.
Musk has long promoted X as an “everything app.” However, the current version of X Money is focused on traditional payments. Musk has ignored even his beloved Dogecoin (DOGE) during the rollout of X Money.
How plausible is it?
Ripple has positioned $RLUSD as infrastructure for payments. In June, the company stressed $RLUSD and $XRP as assets that can be used for X402-powered payments.
Ripple has also expanded $RLUSD‘s institutional payment use cases through partnerships involving Mastercard, WebBank and Gemini.
Therefore, Akinyele’s public pitch to Musk is not surprising: if X Money eventually supports cryptocurrencies or stablecoins, $RLUSD could become one of the dollar-denominated assets available within the platform.
However, at this stage, this does not seem to be plausible.
