WEB3
by BSCN
August 29, 2023
The license is a major step towards X's goal of integrating crypto payments into its platform.
Summary
X (formerly Twitter) has acquired a license required to provide cryptocurrency payments and trading services in the US. Per data displayed on NMLS, the Rhode Island Currency Transmitter License was approved to X on August 28. This license is required to provide services related to digital assets on behalf of users.
The acquisition of this license is a major step towards X's goal of becoming a "cryptocurrency-friendly" platform. In the past, X has taken several steps to integrate cryptocurrency, such as adding a Bitcoin tipping feature and allowing users to set non-fungible tokens (NFTs) as profile pictures.
With this new license, X is now one step closer to allowing users to send, receive, and store cryptocurrency directly on the platform. This could be a major boom for the crypto industry, as it would make it easier for people to use cryptocurrency in their everyday lives.
It remains to be seen what specific crypto payment features X will offer, but the acquisition of this license is a positive sign for the future of cryptocurrency on the platform.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Latest News
March 22, 2025
Weekly Article Recap: 3/17-3/21
March 21, 2025
What is PIDaoSwap? A New Decentralized Exchange (DEX) on Pi Network
March 21, 2025
What Makes Sidra Chain Unique? Full Analysis
March 21, 2025
CHEEMS Memecoin Analysis: A BNB Giant
March 21, 2025
Who Is the Mysterious Hyperliquid Whale?
March 21, 2025
PumpFun Introduces PumpSwap to Challenge Raydium
March 20, 2025
Goldfinch and Plume Unlock Private Credit in the Crypto Ecosystem
March 20, 2025
BNB Analysis: Massive Growth and Outperforming BTC