The word on the street is that Elon Musk might just be gearing up to make XRP the heart and soul of his new payments platform, X Money.
If we call blockchain startup founder Joshua Dalton the street. The guy who’s been juggling rockets, electric cars, and social media might be about to throw his weight behind Ripple’s XRP. Allegedly.
XRP, as the primary currency for the X Money?
Dalton didn’t mince words in his post on X, and said Musk will do anything to crown XRP as the kingpin currency for X Money.
I believe @elonmusk will do anything to make @Ripple $XRP as a chosen one and use it on @x while knowing that @EricTrump, @DonaldJTrumpJr, and @realDonaldTrump will watch @worldlibertyfi and @bitcoin crashing in front of their eyes.
Right, @elonmusk?
— Joshua Dalton (@J9Dalton) June 5, 2025
Imagine that, Elon, the tech titan, putting all his chips on XRP while the Trumps watch Bitcoin and other crypto projects stumble.
It’s like watching your office’s coffee machine break down just as everyone’s desperate for a caffeine fix. You feel the tension, right?
Now, of course there’s no official announcement yet. But this idea has been gaining steam, especially with Musk’s ongoing spat with Donald Trump Jr. and company, Trump being a big Bitcoin fan.
Their feud recently got messy after Musk slammed a federal spending bill, and Trump fired back threatening Musk’s government contracts.
Tesla’s stock took a dip, wiping out over $150 billion in market value. Not exactly a walk in the park.
XRP is fast, cheap, and eco-friendly, because it’s pre-mined and centralized?
Crypto markets didn’t escape the fallout either. Bitcoin dropped over 6%, and XRP took a hit too, caught in the broader sell-off.
But Musk has been vocal about his issues with Bitcoin’s environmental footprint and mining centralization.
XRP? It’s fast, cheap, and eco-friendly, likely because it’s pre-mined and centralized. That could be a perfect match for X Money’s vision of smooth, cross-border payments.
Remember, Musk has mostly hyped Dogecoin in the past, but he did mention XRP publicly for the first time in October 2024.
When asked about XRP’s global potential amid regulatory heat, he said cryptos like XRP could back financial freedom. Not an outright endorsement, but hey, it’s a nod.
Master plan
And it’s not just Dalton talking. Anthony Scaramucci, former White House Communications Director, also hinted at crypto playing a big role in Musk’s super app plans.
“Will it be his own coin? A stablecoin? Something? I don’t know what, but it’ll be something.”
So, if Musk does make XRP the backbone of X Money, we might be looking at a serious shake-up in how payments get done. It’s just a very huge if.
