Musk's X Settlement, which cryptocurrency will be chosen? The reality of four candidates.

The crypto world is abuzz. If Elon Musk implements the rumored X Settlement system, which coin will be adopted - this is now the biggest point of interest.

This system, as a global Settlement platform, aims to utilize blockchain technology to make cross-border remittances faster, cheaper, and safer. However, there is a problem: there are multiple candidates, each with its unique strengths.

Main Candidates

Stellar (XLM) is a leader in cross-border Settlement. Its near-zero fees and instant finality make it ideal for microtransactions. The concept of connecting financial institutions with blockchain aligns perfectly with the vision of X Settlement.

Ripple (XRP) is highly trusted in the banking sector. Its capability to process 1,500 transactions per second and its track record of partnerships with global financial institutions make it an excellent enterprise-level settlement infrastructure. It also responds to Musk's advocacy for “sustainability” with low energy consumption.

Hedera (HBAR) is technically unique. The hashgraph consensus mechanism allows for finality in seconds and high security. It is specialized for enterprise governance and optimized for use cases aimed at institutional investors. By the way, in 2022, Musk made a tweet with a symbol similar to HBAR — the truth remains a mystery, but the crypto community was abuzz.

Wildcard: DOGE

And Dogecoin (DOGE). Technically inferior to the other three, but its cultural pull and Musk's personal support cannot be ignored. DOGE, which has evolved from a joke coin to a legitimate asset, could very well become Musk's ironic choice.

A Future of Diverging Choices

If $XLM or $XRP is chosen, the institutional adoption of blockchain Settlement will rapidly accelerate. With $HBAR, it may pave the way for large-scale adoption in traditional industries. As for $DOGE — that would be the biggest turnaround in the crypto world.

With a single word from Musk, the value, adoption, and visibility of the chosen cryptocurrency can skyrocket. There is even a possibility that the very shape of the global financial system will change.

Which cryptocurrency do you expect to be chosen?