{"id":19453,"date":"2024-05-03T08:30:19","date_gmt":"2024-05-03T08:30:19","guid":{"rendered":"https:\/\/coinengineer.io\/?p=19453"},"modified":"2024-05-03T06:27:30","modified_gmt":"2024-05-03T06:27:30","slug":"elon-musk-not-testing-xrp-payements","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/elon-musk-not-testing-xrp-payements\/","title":{"rendered":"Elon Musk Not Testing XRP Payements"},"content":{"rendered":"<p>Vet, an <a href=\"https:\/\/coinengineer.net\/blog\/whale-activity-spurs-xrp-transfers-amid-shiba-inu-dip\/\">XRP<\/a> Ledger (XRPL) validator, has denied rumors that Elon Musk&#8217;s X social media network is testing <a href=\"https:\/\/coinengineer.net\/blog\/yens-decline-sparks-calls-for-xrp-adoption-in-japan\/\">XRP<\/a> payments.<\/p>\n<p>The rumor was based on a recent sighting of a transaction tagged &#8220;Musk&#8221; on the network. However, as Vet points out, no authorization from the famous entrepreneur is needed to tag this account. &#8220;I can also tag my account as Musk or JPM. No proof required,&#8221; he added. X is expected to launch peer-to-peer payments this year. However, it is unclear whether Musk&#8217;s social network will actually support cryptocurrencies. In any case, Dogecoin seems like the most likely candidate, so the idea of \u200b\u200bXRP being used for payments on X seems extremely fanciful.<\/p>\n<p>&nbsp;<\/p>\n<p>The ledger is stated to have a fix that adds Decentralized Identifier (DID) functionality. According to Vet, this will solve the personalization problem. Developed in line with standards and guidelines for the World Wide Web, this fix will be able to provide users with their own digital identities that are not dependent on a central authority.<\/p>\n<p>In addition to being centralized, DIDs can also be cryptographically verified, meaning their tampering can be traced.<\/p>\n<p>An XRPL user will be authenticated with a DID document, which may contain cryptographic public keys. Only those who control the private keys can change the content of the document. Users are advised not to upload personal information in these documents.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vet, an XRP Ledger (XRPL) validator, has denied rumors that Elon Musk&#8217;s X social media network is testing XRP payments. The rumor was based on a recent sighting of a transaction tagged &#8220;Musk&#8221; on the network. However, as Vet points out, no authorization from the famous entrepreneur is needed to tag this account. &#8220;I can<\/p>\n","protected":false},"author":6,"featured_media":6384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[467,5822,506,5823],"class_list":["post-19453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-elon-musk","tag-elon-musk-xrp","tag-xrp","tag-xrp-payements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk Not Testing XRP Payements - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Vet, an XRP Ledger (XRPL) validator, has denied rumors that Elon Musk&#039;s X social media network is testing XRP payments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/elon-musk-not-testing-xrp-payements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk Not Testing XRP Payements - 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