Nikita Bier says crypto has had a rough year, hints at building something new as X Money launch nears

What Happened

Nikita Bier, X's head of product, posted that crypto needs fixing as X Money launches in April. The platform will offer peer-to-peer transfers, bank deposits, debit cards, and cashback rewards via Visa. X hired Aave's former Chief Product Officer Benji Taylor. Details remain unclear on whether X Money will incorporate blockchain rails or remain entirely fiat-based, creating ambiguity about competition versus integration with crypto.

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