X receives new money transfer license, will there be payment in Dogecoin?

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17 Jan 2024
32


The crypto community has been following this development for a while and has suggested that Dogecoin (DOGE) could be included in X payments. X Payments is licensed in Utah X Payments, owned by X, recently received a new Money Transmitter License in the state of Utah. This approval is intended to provide money handling services throughout the United States. X has received licenses in 15 states, including Utah, Arizona, Arkansas, Georgia, Iowa, Kansas, Maryland, Michigan, Mississippi, Missouri, New Hampshire, Rhode Island, South Dakota, Wyoming, and Pennsylvania. Elon Musk, the world's richest man, noted that approvals in California and New York take the longest. X is expected to launch payment service this year, is part of the application plan "all in one" of Musk, providing many services to users, including financial services. . Due to Musk's interest in Dogecoin, the crypto community is speculating whether Dogecoin could be included in X payments. Currently, X has neither confirmed nor denied whether cryptocurrencies and especially DOGE will be in its plans.
Dogecoin is confirmed to be part of Musk's other plans
The crypto community is awaiting confirmation on whether DOGE will be included in X payments as Musk has talked about using Dogecoin in a payment system, as revealed in his biographical book. Bitcoinist believes that the Tesla charging station in Hollywood will accept Dogecoin as a payment method at launch, which could significantly affect the price of DOGE in the market. Elon Musk also recently talked about X launching a tip payment feature for content creators. The DOGE community noted Musk's interest in DOGE and emphasized that the meme currency is great for small transactions like paying tips. DOGE used to be used a lot on the Reddit platform. Since DOGE has been used to tip users on Reddit, it is not surprising that it became a tipping token on X's platform. At the time of this writing, DOGE is trading at around $0.08, down over the past 24 hours, according to data from CoinMarketCap.

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