Could Elon Musk’s X Money Use XRP? XRPL Foundation CTO Weighs In

XRP Ledger Foundation CTO Denis Angell has suggested that an integration between X Money and XRP could let users move funds from the payments platform into the token and access yield-generating tools on XRPL.

His idea goes beyond simply adding crypto payments to X Money, as he sees a possible connection between X’s wallet product and XRPL’s lending and asset-management features, with users potentially moving between a consumer payment account and on-chain financial products.

Angell Sees X Money as a Potential XRP On-Ramp

“If with X Money you can transfer from your X Money account right into XRP and then use the primitive on the XRP Ledger to drive yield generation, I don’t think there’s anything wrong with that,” Angell said.

He added that the important part would be having “some sort of integration, some sort of onboarding, on-ramp, off-ramp to XRP” within the X social app.

The comments came as Angell discussed the XRPL Foundation’s work on bringing more traditional financial functions onto the ledger. He pointed to the lending protocol, which he said is currently on the network and can be voted in, as a way to generate yield.

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