Home Ethereum Musk’s X Obtains Fee Licenses in A number of U.S. States

Musk’s X Obtains Fee Licenses in A number of U.S. States

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Musk’s X Obtains Fee Licenses in A number of U.S. States

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X, the Elon Musk-owned social media platform previously known as Twitter, has obtained funds licenses from a number of U.S. states in latest months, together with a foreign money transmitter license in Rhode Island earlier this week. Whereas Musk has hinted at supporting crypto on the platform – even briefly switching out Twitter’s chook emblem to dogecoin’s canine earlier than its rebranding to X final month – the licenses enable for broader funds providers to be supplied. Musk has mentioned that he plans for X to increase past social media posts, to ultimately turn out to be an ‘all the things app.’ The cash transmitter licenses obtained since June from Arizona, Maryland, Georgia, Michigan, Missouri and New Hampshire point out the tech billionaire might have plans to assist cost processing nationwide much like Venmo or PayPal, an organization he co-founded. The Rhode Island license, whereas important for allowing funds, can also be a requirement for providing crypto providers.

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