XLM Price Bombshell: Is Musk Quietly Developing X Payments on the Stellar Blockchain?

Stellar (XLM) has recently shown strong upward momentum, and there may be some almost unnoticed developments brewing behind the scenes. StellarExpert recently posted a question: Is Musk quietly developing X Payments on the Stellar blockchain? There has been no official announcement or major news so far.

However, when you follow the clues, pay the licenses, old partnerships, and some subtle hints, everything seems to lead back to the Stellar blockchain.

(Source: CoinMarketCap)

Stripe, Stellar and X Connection

Elon's X Payments is progressing rapidly, having obtained currency trading licenses in over 25 states in the United States. What's next? Payment infrastructure. And Stellar may be just the solution for this.

As early as 2014, Twitter implemented an early "Buy Now" feature using Stripe. Today, Stripe uses the Stellar network to process USDC payments.

Stripe has also partnered with Paxos and recently acquired Privy, which has already integrated Stellar. There are many overlaps between the two. It is not hard to imagine that Musk's team might leverage this ecosystem.

Rust, abacus, and some strange coincidences

Stellar's smart contract platform Soroban runs on Rust, a programming language known for its speed and efficiency. At the same time Soroban was launched, Musk changed his X (formerly known as Twitter) username to "Gordon Rust." This may not be particularly special, but it might be a tribute to the tools behind the scenes.

There is also a deeper background story. Jed McCaleb, who created Stellar and co-founded Ripple, sold his previous project eDonkey before the merger of X and PayPal. He and Musk were both building early peer-to-peer platforms at the time. Their ideas were quite similar.

Familiar faces and familiar tools

Musk poached engineers from Stripe and PayPal to help build X Payments. These two platforms have already been closely integrated with Stellar, covering various aspects from instant settlement to user experience tools.

Considering all these factors, the idea that Stellar could support the backend for X is not far-fetched. No one has confirmed any news yet.

But if you arrange the licenses, technology stack, partners, and team well, you will continue to choose Stellar.

No hype, only quiet progress?

Stellar does not chase trends like other blockchains. But it is quietly collaborating with Stripe, Circle, and MoneyGram, and has even piloted a CBDC program. These tracks have been built, fast, scalable, and open.

If Musk wants to introduce payment capabilities on a large scale to X, then all the elements may already be in place. He just needs a reliable backend, and Stellar could be running in the background.