Elon Musk’s X moves closer to crypto payments with new state license

X has been granted a currency transmitter license by regulators in Rhode Island, allowing the company to custody, transfer, and exchange digital currencies as it moves towards becoming an "everything app" that includes both fiat and crypto payments.

cointelegraph.com

Relevant topic timeline:

8/30/2023

Elon Musk Has Quietly Primed The Crypto Market For An Explosive Bombshell That Could Play Havoc With The Price Of Bitcoin, Ethereum, XRP And Dogecoin

Elon Musk's Twitter, now rebranded as X, has obtained a currency transmitter license in Rhode Island, indicating a possible move towards crypto payments and turning the platform into an all-in-one app like China's WeChat.

9/5/2023

X Gets New Transmitter License for Payment Service in Mississippi

Twitter, now known as X, has received a money transmitter license for payment services in Mississippi, marking its eighth license in the US as it aims to enter the payments industry.