Elon Musk’s X seemingly opens dedicated payments page

An “X Payments” account was seen on the social media platform on Jan. 19 as Elon Musk’s company continues to bag money transmitter licenses across the United States.

While unconfirmed, the development would likely align with Musk’s vision for X, which he has repeatedly touted as a nexus for global financial activities since his $44 billion takeover in 2022. 

Crypto analysts and speculators have pointed to digital assets being part of these plans, although Musk has noted that fiat transactions will primarily command engineering resources.

X
X payments page | Source: X
You might also like: Elon Musk and cryptocurrencies: a potential acquisition on the horizon?

The platform has already filed for several money-transmitter licenses and received approval in some states, such as Utah. Musk’s social giant also teamed up with the exchange eToro to enable crypto and stock trading from the app. 

Meanwhile, X is rolling back some web3 Features as crypto.news previously reported. NFT profile photos introduced shortly after Musk acquired the company have been scrapped, and the option to upload blockchain-based digital collectibles no longer works.

Read more: Elon Musk includes crypto in Twitter payments platform
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Silver Trends Amid Gold's Price Hike: Why is Silver Rising?

Image
Silver is also experiencing a notable price hike amid the recent gold rush. The metal has finally broken its consolidation phase, embracing bullish momentum and pace.  Silver has long been stuck in a consolidation phase, portraying a reluctant stance on its price threshold. However, with the growing demand and the metal’s prestige growing stronger, the price of silver has finally broken past several resistance levels to reach $27.3 at press time.  Also Read: Currency Wars: Declining USD Bolsters Prospects for Gold and Silver Why is Silver Rising?  Image Source: Unsplash The financial markets around the world are undergoing a dynamic shift. With user sentiment shifting towards accumulating robust metals as a hedge against inflation, the prices of gold and silver are touching new highs.  Silver is up $27 an ounce, while gold price sits at the $2300 threshold. The demand for these metals has grown tremendously as users are now transitioning toward exploring safer asset
Read more

XRP Price Dips Below $0.53 as Massive Whale Offloads 28 Million Tokens

Massive XRP whale offloads 27.95 million coins, triggering a substantial drop below $0.53. XRP Whale predicts a surge, defying bearish sentiment  Derivative data signals negativity with a 2.44% dip in XRP’s open interest. XRP, a cryptocurrency ranked among the top 6, is causing a stir in the crypto market. Today, a massive whale offloaded 27.95 million XRP to a Luxembourg City-based CEX, coinciding with the digital asset’s substantial drop below $0.53. The unknown wallet address r4wf7enWPx…5XgwHh4Rzn did this substantial transfer. XRP already dipped below the $0.53 mark before the whale’s offload, thereafter, the downward trend remained, showing bearish sentiments for the token. Simultaneously, Coinglass derivatives data revealed a 2.44% dip in XRP’s open interest, supporting the pessimistic outlook on the cryptocurrency. This event has left crypto enthusiasts worldwide worried, particularly after there was a light of hope from the recent optimistic predi
Read more