X Payment Licenses Impacts on Doge

Elon Musk’s X Secures Payment Licenses: Anticipation Soars Among Dogecoin Users

Elon Musk’s company X, formerly known as Twitter, has gotten 35 state licenses to handle payments. This means X could become both a social media and financial platform. People hope the DOGE token will be used for payments on X.

X is adding ways for content creators to earn money, which fits with Musk’s plan for integrating payments into the platform.

Recently, X got a money transmitter license in North Dakota, making it the 35th state to approve X. This news excited the Dogecoin community, who believe X’s payment system might launch later this year.

X Secures More Licenses for Payment Integration

X getting payment licenses is a big step towards Musk’s vision of making X a combined social and financial hub. With licenses in 35 states, X is closer to starting its payment service across the U.S. The other 15 states are expected to follow, allowing X to fully run its payment system.

This fits Musk’s strategy of adding financial services to X, possibly making it a strong competitor to other payment platforms.

X has also launched new ways for content creators to make money, such as ad revenue sharing and subscription services. Monthly payouts have already started, showing a major change in how social media platforms can financially support their users.

These changes highlight Musk’s dedication to turning X into a platform for both social interactions and financial transactions.

Strong Support by Dogecoin community

The Dogecoin community, which supports Musk, is very excited about these updates. DogeDesigner, part of the Doge development team, has shared the news about X’s payment features and the potential use of Dogecoin.

This has made the community hopeful and positive, as they believe it will increase the use of Dogecoin.