X Super-App Leak: Trading, Payments, But No Dogecoin?

Elon Musk's vision for X to become the world's first "super-app" is gaining momentum. A leaked Financial Times presentation reveals the platform's plans to introduce integrated trading and payments in 2025.

The presentation, which has been circulating among industry insiders, outlines how X will incorporate brokerage APIs—similar to stock trading platforms—and on-chain crypto capabilities, all integrated into a Visa-powered digital wallet called X Money.

However, a notable absence is Dogecoin—the memecoin Musk once supported—which is not mentioned in the roadmap, sparking debate.

A Fintech Hub on the Horizon—But Where's Dogecoin?

The leaked documents depict X as a comprehensive financial hub. Users will soon be able to trade stocks, make and receive payments, and store value directly within the X app. Brokerage APIs will facilitate seamless investing, and blockchain technology will enable fast, borderless crypto transactions.

X Money, initially launching in the U.S., will offer features like tipping, peer-to-peer payments, and in-app purchases, all supported by Visa's global payments network.

Despite these innovations, the absence of Dogecoin is significant.

Despite Musk's long-standing public interest in the memecoin and speculation that it would be central to X's crypto strategy, the leaked documents make no mention of it. Instead, the focus is on traditional financial systems and regulatory compliance.

Industry observers are left to speculate: is this a strategic decision to appease regulators, or simply a temporary delay before a broader crypto integration?

Regulatory Hurdles and the 41-State Challenge

X's fintech ambitions face substantial regulatory obstacles. The company is already registered as a money transmitter in 41 U.S. states, covering approximately 80% of the population, but complete coverage is lacking.

Key states like New York, Texas, and California have not yet granted approval, which means X's payments and trading functionalities cannot reach all U.S. users.

Furthermore, in Europe, the Digital Services Act (DSA) imposes significant penalties for data handling or content moderation failures, requiring X to revamp its compliance framework.

Crypto Partners and the On-Chain Finance Future

Visa is confirmed as X's partner for traditional currency payments, but the crypto aspect remains uncertain.

While there has been speculation about stablecoins like USDT or USDC, and Cardano's Charles Hoskinson has proposed a "Bitcoin 2.0" roadmap for Dogecoin integration, Musk has remained silent on memecoins.

Perhaps X is awaiting clearer U.S. crypto regulations, or perhaps Visa is hesitant to engage with volatile assets.

Competition in the Fintech Arena

X's move is creating ripples in the fintech sector. Platforms like Robinhood, which already generates a significant portion of its revenue from crypto, face a direct challenge from X's planned zero-fee trading and crypto features.

PayPal's Venmo could be overshadowed by X Money's social payments capabilities, and Meta's WhatsApp and Facebook Pay—which lack trading features—would be at a disadvantage in the race to become the first true super-app in the West.

For Musk's crypto enthusiasts, the omission of Dogecoin is more than a technical detail—it's a test of allegiance.

Some believe that the regulatory risks are simply too high for X to launch with memecoins as a primary focus.

Others predict a phased rollout, with Dogecoin or other crypto assets being integrated once traditional financial systems are established and trust is built with users and regulators.

There is also the possibility that Visa, a crucial partner, has excluded high-risk crypto assets from consideration for the time being.

What's Next for X and the Super-App Revolution?

With beta testing underway and a 2025 launch anticipated, X's success will depend on its ability to secure licenses, comply with global regulations, and gain user trust.

As CEO Linda Yaccarino stated, "2025 X will connect you in ways never thought possible."

However, as the fintech competition intensifies, the key question is whether Musk's X can realize its vision of a combined financial and social platform—and whether Dogecoin will eventually have its place.