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Elon Musk’s X gets license needed for crypto payments

Elon Musk decided to make X (formerly known as Twitter) a "do-it-all app" with a variety of features, including a payment hub that integrates...

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Elon Musk’s X gets license needed for crypto payments

Elon Musk decided to make X (formerly known as Twitter) a "do-it-all app" with a variety of features, including a payment hub that integrates with the Weibo social network and other tools in the construction ecosystem processor. Musk has said X is a "DOGE-friendly place." Part of the work of becoming a payments hub or cryptocurrency-friendly place in the United States lies in obtaining the licenses required to legally operate such a business. Elon Musk's company has been gradually rolling out the business in different states, but has mostly focused on fiat payments under a "money transmitter license." Notably, Rhode Island approved the license requested by X’s payments affiliate, Twitter Payments LLC, on March 28, according to...

Elon Musk’s X gets license needed for crypto payments

Elon Musk decided to make X (formerly known as Twitter) a "do-it-all app" with a variety of features, including a payment hub that integrates with the Weibo social network and other tools in the construction ecosystem processor. Musk has said X is a "DOGE-friendly place." Part of the work of becoming a payments hub or cryptocurrency-friendly place in the United States lies in obtaining the licenses required to legally operate such a business. Elon Musk's company has been gradually rolling out the business in different states, but has mostly focused on fiat payments under a "money transmitter license." Notably, Rhode Island approved the license requested by X’s payments affiliate, Twitter Payments LLC, on March 28, according to...

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