X Senior Official Announces Good News for Cryptocurrencies on the Platform – But It Could Be Bad News for Some Altcoins

Nikita Bier, X Product Leader and Solana ecosystem consultant, stated that he supports the increasing use of cryptocurrencies on the social media platform X, but opposes application models that encourage spam and harassment.

Bier stated in his assessment that he “really wants” cryptocurrencies to become widespread on X, but noted that some applications have established reward mechanisms that encourage users to spam, organize and create unwanted content, and harass random users. Arguing that such incentive systems negatively impact the experience for millions of users, Bier said, “This approach only enriches a small number of people while significantly degrading the platform experience.”

Among altcoins that allow users to earn tokens by posting on X, KAITO and Cookie DAO stand out.

Bier also announced that X will be rolling out a number of new features in the coming weeks. The most notable of these is “Smart Cashtags”.

Thanks to the new feature, users will be able to conduct stock and cryptocurrency transactions directly through their timeline. This integration is expected to make financial asset transactions more integrated with the social media experience.

*This is not investment advice.