Nikita Bier, the head of product at X, recently acknowledged the difficulties faced by the cryptocurrency sector over the past year, suggesting the possibility of launching a product to help revive it. As the launch of X Money approaches in April, the platform will feature peer-to-peer transfers, bank deposits, and a debit card with cashback rewards, primarily operating as a fiat-based service. Despite this, Bier's comments and the recent hiring of crypto experts have led to speculation regarding whether X Money might incorporate blockchain technology behind the scenes. The service, built in collaboration with Visa and a licensed subsidiary in over 40 U.S. states, is designed to compete in areas traditionally dominated by crypto, such as instant payments and yield on dollar balances. However, it remains unclear if X Money will directly compete with cryptocurrencies or find ways to integrate blockchain technology without exposing users to it. Bier's statement reflects the current uncertainty in the crypto landscape, leaving many to wonder if the next significant development will emerge from traditional crypto platforms or from new entrants like X Money.