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Elon Musk impersonator’s deceptive claims about XRP on X app

In this post:

  • The impersonator’s false claims stirred XRP speculation.
  • XRP community quickly debunked the impersonation.
  • XRP’s price remained stable despite the hoax.

In a recent turn of events, an individual impersonating Elon Musk, the CEO of X (formerly Twitter), has made false claims regarding the platform’s plans to introduce a payments system with cryptographic rails. The impersonator’s voice note hinted at the potential use of XRP as a payment solution, causing a brief stir in the cryptocurrency community. However, it’s crucial to note that the information has since been debunked, with no credible sources confirming the validity of the claims.

The incident began when a Twitter user, Max Walker-Williams, posted a voice note from what sounded like Elon Musk, discussing potential payment options for the X App. In the voice note, the impersonator suggested that both DOGE (Dogecoin) and Bitcoin were not suitable for payment purposes on the platform. According to the impersonator, DOGE was not ready for implementation, while Bitcoin’s scalability limitations were a hindrance. The voice note even dismissed Bitcoin’s Lightning Network as a “joke.”

Crypto speculation, impersonation, and XRP’s stability

Surprisingly, the impersonator expressed interest in altcoin as a leading solution for the payment system they envisioned. This unexpected endorsement of the coin led to speculation within the cryptocurrency community about the possibility of a partnership between X and the community.

One Twitter user, known as XRPamici, entertained the idea of a collaboration between the two San Francisco-based companies, highlighting that they both had legal clarity and the letter ‘X’ in their names. However, XRPamici also expressed doubts about the authenticity of the information, as there was no significant response from the XRP community, and the voice note dated back almost a week.

Several respondents to the initial post quickly debunked the claims made by the impersonator. They pointed out that the voice note was indeed from a Musk impersonator participating in an X-space session. Moreover, there was no evidence to suggest that such discussions had taken place within the XRP community or any official confirmation of X’s intention to integrate XRP as a payment rail.

Despite the brief buzz generated by the false claims, the coin market remained largely unaffected. The price of XRP was trading at $0.6232 at the time of writing, indicating a steady rally of 32% since October 19. This stability suggests that the cryptocurrency market did not react significantly to the impersonator’s statements, contrasting with the historical impact of Elon Musk’s remarks on the crypto market.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision

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