Summary
- Elon Musk’s social media platform X reportedly hired cryptocurrency expert Benji Taylor as head of design.
- The market reportedly sees the hire as a move made with next month’s planned launch of its in-house payments service X Money in mind.
- CoinDesk reported that X is expanding into payments and financial services and has hired someone with extensive experience in developing crypto products, but that there has still been no mention of blockchain or cryptocurrency components.
Forecast Trend Report by Period
X, the social media platform owned by Elon Musk, CEO of Tesla, has recently hired a cryptocurrency expert.
According to CoinDesk on the 25th (local time), X recently hired Benji Taylor, former chief product officer (CPO) at Aave Labs, as its head of design. Taylor, a founder of the crypto wallet Family, also recently served as head of design at Base, Coinbase’s in-house blockchain.
Taylor said on X that day, “I’m honored to lead design at X.” He added, “(X is) the most important platform in the world,” saying, “I don’t think there’s a more exciting place to build the future together.”
In the market, analysts say Taylor’s hire could be a move made with the launch of X Money in mind. X plans to roll out its in-house payments service, X Money, as early as next month. CoinDesk reported, “As X expands into payments and financial services, it has hired a new head of design with extensive experience developing crypto products,” adding, “However, there has still been no mention from X regarding blockchain and cryptocurrency components of X Money.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
