thecryptobasic.com
Gemini, a prominent U.S.-based exchange, recently sparked a lively conversation about XRP on social media platform X (formerly Twitter).
It started when the exchange released a cryptic post that simply read “Locking in,” providing no specific context about what was meant. This triggered reactions as crypto enthusiasts continuously inquired what the platform was “locking in.”
However, given Gemini’s history of pro-XRP posts, members of the XRP community quickly helped complete the cryptic message by suggesting “XRP.”
Specifically, an XRP community figure, Alex Cobb, was one of the proponents championing this narrative. Other crypto enthusiasts also made similar speculations, but the suggestion from the XRP Army attracted Gemini’s attention.
Responding to Cobb, Gemini confirmed XRP, albeit with an additional twist by writing out the “X” initial using the logo of Elon Musk’s “X” platform. The XRP community, often looking out for possible hints, noticed this creative twist in Gemini’s choice of spelling XRP.
𝕏RP
— Gemini (@Gemini) September 4, 2024
What Could It Mean?
XRP supporters speculated on the implications of the post, building on previous hopes that X might one day integrate XRP as a payment system.
This speculation ties back to a 2022 announcement by Twitter, which hinted at incorporating a payment method on the platform. Since then, X has made progress, obtaining money transmitter licenses from some U.S. state regulators.
Accordingly, XRP proponents continue to view XRP as a strong candidate for X’s payment system due to its utility in payment services. Additionally, Elon Musk’s past support for cryptocurrencies like Bitcoin and Dogecoin fuels optimism about the possibility of integrating XRP.
In May, speculation grew when a transaction on the XRP Ledger (XRPL) under the name “Musk” was linked to accounts on pro-XRP exchanges like Bitstamp and Uphold.
However, speculation that this could belong to Elon Musk or his team was summarily debunked. Anyone can use the name “Musk” on the XRPL without verification, making it unlikely to be connected to Elon Musk himself.
Meanwhile, more recently, pro-XRP attorney Fred Rispoli publicly called on Elon Musk to adopt XRP payment on X following the conclusion of the Ripple v. SEC lawsuit last month.