Unveiling more about X (Twitter) plans to enable crypto payments after obtaining a license
In its mission to develop into a “cryptocurrency-friendly” platform, X (previously Twitter) has made significant progress. In the US, X is now authorized to provide trading services and accept cryptocurrency payments. The information on NMLS indicates that X received the Rhode Island Currency Transmitter License on August 28. For users to get services involving digital assets, this license is required. X has made several efforts to integrate cryptocurrencies, including a Bitcoin tipping option and enabling users to post non-fungible tokens (NFTs) as profile images.
The platform X (Twitter) has taken another step toward enabling users to send, receive, and store cryptocurrencies directly on the platform by obtaining a license that authorizes it to provide cryptocurrency payments and trading services in the US. It would be easier for consumers to use Bitcoin daily, which may boost the cryptocurrency business. Although the crypto payment tools X will provide are not yet known, obtaining this license bodes well for the future of Bitcoin on the platform.
