X's Nikita Bier teases new launch to "fix" crypto ahead of X Money rollout

X’s head of product, Nikita Bier, has suggested the social media platform may launch a new product to "fix" the crypto industry following a difficult year for the sector.

Nikita Bier shared the teaser on Tuesday in a post that quickly reached over 600,000 views, sparking immediate debate over whether X intends to revive Bitcoin payments or pivot toward newer blockchain technologies. 

The comment comes just weeks before the expected April launch of X Money, a financial services suite that Elon Musk recently confirmed will include peer-to-peer transfers, debit cards, and bank deposits. 

While the official plans for X Money focus on traditional currency, the platform has not ruled out using crypto infrastructure to power its backend.

New talent and industry ties

The company recently bolstered its product team by hiring Benji Taylor, the former Chief Product Officer at Aave and Head of Design at Base. 

Bier praised the move, noting he had tracked Taylor's work for years before successfully pushing for his recruitment. 

This hire has fueled rumors that X might incorporate decentralized finance elements, though it remains unclear if the platform will integrate crypto directly or simply compete with it by offering similar features like instant payments and high-yield balances.

Bier’s own background is also under scrutiny, as he joined X in June 2025 while serving as an advisor to the Solana Foundation. 

He previously described his role there as helping "select companies launch and grow their apps" with a focus on reaching mainstream mobile users. 

This connection has led some to speculate that Solana could play a role in X’s future financial products, despite Musk’s long-standing public association with Dogecoin.

Launch preparations and skepticism

X Money is moving toward a release this month after securing licenses in more than 40 US states and partnering with Visa. 

However, the project continues to face political resistance, with Senator Elizabeth Warren and other lawmakers raising concerns about user privacy and financial oversight. 

These regulatory hurdles, combined with the platform's changing leadership, have left some market participants unconvinced about the new direction.

“No clue what he’s launching, but my intuition is that it’s not good,” wrote the user Pledditor, reflecting a segment of the community wary of Bier’s ties to Solana. 

While Coinbase and other major players have floated a return to Bitcoin—similar to the tipping features introduced under Jack Dorsey in 2021—the industry is still waiting to see if X will act as a bridge for digital assets or a walled garden for fiat transactions.

As previously reported by Invezz, speculation around potential crypto integration has been building for months, with market participants closely tracking every development tied to X Money’s rollout.

Much of the attention has centered on Dogecoin, given its long-standing association with Elon Musk and its perceived suitability for low-cost micropayments within a social platform.

At the same time, XRP has entered the conversation due to Cross River Bank and its role in facilitating payment flows for X.

The bank’s early adoption of Ripple infrastructure for cross-border transactions has led some investors to view XRP as a possible backend layer if digital assets are eventually introduced.

Despite the growing speculation, X has yet to confirm any plans to support cryptocurrencies, leaving open the question of whether X Money will integrate digital assets or remain focused on traditional payment rails at launch.