Dogecoin (DOGE) saw a massive investment of $800 million within just three days following a significant move by Elon Musk. On a Saturday in March 2023, the price of Dogecoin went up by $0.17, showing a 35% increase in the past 72 hours. Then, on December 20, 2024, Elon Musk's X Payments LLC, the branch of X responsible for handling peer-to-peer payments, received three additional licenses for money transfer activities. Since the announcement of these licenses on March 20, the open positions for DOGE have surged by $800 million. Elon Musk's X/Twitter also obtained Pay Services Licenses in three US states. Additionally, on December 20, 2024, Paying LLC, the division of X managing peer-to-peer payment operations, gained three more licenses for money transfer activities. The states granting approval were New Mexico, Oregon, and Illinois, bringing the total number of approved states to 22. These licenses are crucial for handling and sending customer funds, similar to services provided by PayPal, Venmo, and Cash App. It's worth noting that Musk previously served as the CEO of PayPal, giving him insight into business and bureaucratic processes. Musk has been striving to transform X into an "everything app" since acquiring the company in 2022, and adding payment capabilities is a significant step towards this vision. However, stringent regulatory reviews are posing challenges to offering money transfer services, delaying Musk's plans. Nonetheless, the addition of three new states to the approval list is a positive development for the company. With almost half of US states willing to allow X to send money, there's a precedent that could facilitate obtaining licenses in other states, bringing X closer to Musk's objective. Dogecoin's open positions have surged by $800 million in just three days. #elonmusk #binance #memecoins