Twitter (now called X.com) has obtained the Rhode Island Currency Transmission License. Thanks to this license, X.com will now be able to provide crypto-related services to users. Some of these services include transfers, trading or buying and selling, among others.
Twitter Obtains Currency Transmission License
Twitter has obtained the Rhode Island Currency Transmission License. This license will let the company offer crypto-related services to users on the platform. Crypto wallets, exchanges and other types of companies dealing with digital assets have to rely on this license if they want to offer crypto-related services to clients.
The company is working in order to integrate social media solutions with payment services. Furthermore, there have been multiple signs that X.com would like to integrate crypto-related solutions as well.
Multiple rumours have also been spreading about the possibility of transforming X.com into a form of PayPal, one of the largest payment networks in the world. It is also worth taking into consideration that Elon Musk has been involved in PayPal in the past as one of the co-founders.
In the past, Elon Musk has been a strong supporter of multiple cryptocurrencies, including Bitcoin (BTC) and Dogecoin (DOGE). While Bitcoin is the largest cryptocurrency in the world and the most popular one, Dogecoin is a meme coin that has been also in the market for multiple years. This digital asset has a strong community and it is considered to be a meme digital asset.