The X Platform Receives Approval for Payment Services
The X platform, formerly known as Twitter, has taken a step forward in its plans to launch payment services by obtaining approval from another state. This development has sparked speculation about the inclusion of Dogecoin (DOGE) in the platform’s payment infrastructure. X Payments, a subsidiary of X, has recently been granted a Money Transmitter License in Utah. This adds to the company’s growing list of approvals as it aims to provide money processing services throughout the United States. So far, X has been granted licenses in 15 states, including Utah.
Elon Musk Comments on Approval Process
Elon Musk, the world’s richest man and owner of X, commented on the approval process, noting that California and New York take the longest for approval. Musk is hoping that these approvals come soon enough as X plans to launch its peer-to-peer payments this year. The X payments service is part of Musk’s long-term plan to build an all-in-one app that offers various services, including financial services.
Speculation About Dogecoin Integration
The crypto community has been speculating about whether Dogecoin will be included in X payments. While X has neither confirmed nor denied this possibility, it remains a potential outcome. Musk has previously mentioned a payment system involving Dogecoin in his biography, further fueling speculation. Additionally, Tesla’s upcoming supercharging station in Hollywood is set to accept Dogecoin as a payment option upon launch.
Potential Use of Dogecoin for Tipping
Musk also hinted at X launching a tipping system for content creators, and members of the Dogecoin community have highlighted how DOGE is perfect for small transactions like tipping. Given DOGE’s history as a tipping token on Reddit, it wouldn’t be surprising if it becomes the tipping token on the X platform as well. At the time of writing, DOGE is trading at around $0.08 according to CoinMarketCap.
Hot Take: Dogecoin’s Potential Integration in X Payments Sparks Excitement
The recent approval of X Payments in Utah has fueled speculation about the potential inclusion of Dogecoin in the platform’s payment services. While X has not confirmed this integration, Elon Musk’s fondness for the meme coin and his previous mentions of a payment system involving Dogecoin suggest that it could become a reality. This news, coupled with Tesla’s plan to accept Dogecoin at its supercharging station, has excited the crypto community. As DOGE continues to trade around $0.08, its potential integration into X payments could have a significant impact on its price and further establish its use case as a digital currency.
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