Fascinated by all-in-one platforms such WeChat, Elon Musk first bought Twitter, changed his name to X and promised tobring half of the world’s financial activities there. Knowing the man behind Tesla, SpaceX and many other projects beyond human comprehension, do we expect that the world is turned upside down again by the culmination of X. Recently, the presses echoed the obtaining of a crypto license for this “everything app” in a US state.
In short :
- X offers itself a license for crypto payments and trading in Rhode Island;
- Elon Musk has promised that there will be no native token on X but Doge will be welcome there.
X offers itself a crypto license in Rhode Island
Speak rebranding of Twitter, Did Elon Musk think to release the blue bird from its cage or his imagination? In any case, what he thinks to do with the all-in-one application X is simply excessive.
” LATEST: X (Twitter) obtains the license required for cryptocurrency payments and trading. »
In this recent issue of Watcher Guruwe learned that X, formerly known as Twitter, just got a money transmitter license by Rhode Island regulators. Based on data published yesterday on the National Multistate Licensing System (NMLS), this crypto outlet argued that Elon Musk’s platform can now conduct bitcoin and other cryptocurrency-related activities on behalf of its users.
Said license thus authorizes X to:
- store, transfer and exchange cryptos ;
- and also offer a full range of services related to these digital assets.
In Rhode Island, X enjoys the same status as cryptocurrency exchanges, crypto wallets, and legal payment processors withcarte blanche to control transactions in digital assets on behalf of others.
A crypto-friendly X?
Elon Musk has never been against cryptocurrencies and he is particularly fond of Dogecoin. Isn’t that why we call him the “Dogefather”?
Since the acquisition of Twitter, the boss of Tesla has gradually modified the social network eponym. First, it added features to follow the evolution of Bitcoin and Ethereum prices by simple entries on the platform’s search bar.
At the beginning of August, our colleague reported that X would be approaching a finance giant with a view to developing an application specializing in real-time stock market data.
Nevertheless, it should be mentioned that Musk doesn’t think about issuing native tokens associated with X. The everything app will therefore only be a place conducive to cryptocurrency trading.
” Elon Musk and X have never launched a cryptocurrency token. Be careful with this kind of articles “.
Musk took to DogeDesigner’s tweet some time later and slipped in the message, ” And we never will “.
Also note that in early July, Twitter already offered 3 licenses as money transmitter in the United States. These had come to him from regulators in Missouri, Michigan and New Hampshire. The crypto license granted by Rhode Island is therefore the 7e permission of the kind that falls in the hands of Elon Musk.
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