-X Corp has received three new money transfer
licenses for X payment.Dogecoin payments are expected to be included in the peer-to-peer system.
#DOGE was down 0-0.15% as a result of the overall market decline on Friday.
Elon Musk's future implementation of #dogecoin in app X has moved a step closer to reality as the social media giant has received 3 new licenses for money transfer activities in the US. Preparing the legal framework for X's peer-to-peer (P2P) financial ecosystem, these money transfer licenses include popular cryptocurrencies.
DOGE, which Musk recently called "the people's #cryptocurrency ," is one of the main contenders to join the X payment system. 1 Dogecoin's market value has seen a meteoric jump in several initiatives associated with Ilon Musk, and when he opened his XPayments account in 2024, DOGE was up 1% when he opened his XPayments account on May 12.
XPayments P2P: A game changer for DOGE.
Having received the last 3 approved money transfer licenses, X Corp can process cryptocurrency and other digital payments in New Mexico, Oregon and Illinois on behalf of its customers. X Corp was previously licensed in 19 other U. S. states, but it has now established the appropriate regulatory framework for its future X products in 50 of the 22 states.
Following the positive news, the coin began a brief rally and briefly returned to 0.016, but fell below that price range due to a general market correction. DOGE, which has lost 6% of its previous gains over the past 24 hours, is currently trading at 0.1466 Co, according to CoinGecko. Ultimately, Dogecoin's inclusion in X could bring tangible benefits to a cryptocurrency that started out as a joke.
Earlier, X Corp signed an agreement with #eToro to make cryptocurrency purchases available on x through plugins and widgets provided by the eToro exchange.
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