Elon Musk’s X app has recently obtained 35 state licenses for payments, moving closer to becoming both a social and financial platform. The community is excited about the possibility of using Dogecoin (DOGE) on X’s payment platform.
Additionally, X has introduced new methods for content creators to earn money, aligning with Musk’s vision of integrating payments into the platform.
Elon Musk’s X Expands Payment Licenses, Sparking Dogecoin Enthusiasm
Elon Musk’s rebranded X platform, formerly known as Twitter, is making strides toward creating an internal payment system by securing another money transmitter license. The latest license was obtained in North Dakota, bringing the total number of states where X is licensed to 35.
Source: X
This expansion has excited the Dogecoin community, as many believe that X’s payment services might be launched later this year.
X’s Payment Expansion and Creator Monetization: Musk’s Vision
The expansion of X’s payment licenses represents a key step in Elon Musk’s vision of turning the platform into a comprehensive social and financial hub. With licenses now in 35 states, X is closer to launching its payment feature nationwide. The remaining 15 states are expected to follow, allowing X to fully implement its payment system. This move is part of Musk’s broader strategy to integrate financial services into X, potentially making it a strong competitor in the payments industry.
Alongside payment integration, X has introduced new monetization options for content creators, including ad revenue sharing and subscription services. Monthly payouts to creators have already started, marking a significant shift in how social media platforms can financially reward their users. These changes highlight Musk’s commitment to evolving X into a platform that supports both social interaction and financial transactions.
Source: X
Dogecoin Community’s Excitement for Musk’s X Changes
The Dogecoin community has shown strong support for Elon Musk and his ventures, including his activities with the X platform. Updates on X, particularly regarding the potential use of Dogecoin, have been well-received from key figures like DogeDesigner, a member of the Dogecoin development team.
The anticipation isn’t solely due to the payment feature but also because changes to Dogecoin, which Musk has previously endorsed, are expected. The possibility of integrating Dogecoin into X’s payment system has generated optimism and excitement within the community, with many hoping it will boost the digital currency’s usage.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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