Company X, formerly known as Twitter, has received the license required to provide a cryptocurrency payment and merchant service in the United States.
X was licensed in Rhode Island on August 28, according to the NMLS licensing system. This license is required to provide services related to digital assets.
It remains to be seen what crypto payment features X will offer, but the acquisition of this license is a positive sign for the future of crypto on the platform, users of the social network note.
In the past, X has taken several steps towards integrating cryptocurrency on the platform. The bitcoin tip feature has been added, and users can now install non-fungible tokens (NFTs) as profile pictures.
Chapter X Elon Musk makes no secret of his love for cryptocurrencies, especially dogecoin. In August Musk filed repetitive motion asking a New York federal court to dismiss DOGE’s insider trading class action.
Source: Cryptocurrency
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