- Elon Musk’s X just so happened to acquire 35 state licenses for payment and that puts X in the works of becoming a social and financial platform.
- The community is hopeful for the future use of at least the DOGE token in X’s payment platform.
- X has added new ways for content producers to make money, which is in line with Musk’s overall approach of payments within the platform.
Elon Musk’s rebranded X platform, previously called Twitter, is gradually moving toward the establishment of an internal payment system acquiring another money transmitter license. The most recent license was acquired in North Dakota, making the count of states with X license reach 35. This development has generated much enthusiasm in the Dogecoin community because some believe that the payment side of X’ service might be launched in the later part of this year.
Licenses Accumulating for X Payments
The expansion of X’s payment licenses marks a significant milestone in Musk’s vision of transforming the platform into a multi-faceted social and financial hub. With 35 states now on board, X is closer to rolling out its payments feature across the United States. The remaining 15 states are expected to follow suit, allowing X to fully implement its payment system. This move aligns with Musk’s broader strategy of integrating financial services into X, potentially positioning it as a formidable competitor to existing payment platforms.
In addition to payment integration, X has also introduced new monetization options for content creators. These features, including ad revenue sharing and subscription services, are designed to provide users with multiple streams of income. Monthly payouts to creators have already begun, marking a significant shift in how social media platforms can financially reward their users. These developments underscore Musk’s commitment to evolving X into a platform that not only fosters social interaction but also facilitates financial transactions.
𝕏 Creators Pay Day 💸 pic.twitter.com/x9zwJ57IWY
Read CRYPTONEWSLAND ongoogle news — DogeDesigner (@cb_doge) August 2, 2024
Dogecoin Community Reacts with Optimism
The community that involves the use of Dogecoin has shown a lot of support to Musk and whatever he engages in or supports. From the DogeDesigner who is part of the Dogecoin development team, the updates on X have been well communicated. It is not only because of the payment feature but also because changes may occur to Dogecoin, which Musk has previously supported. The fact that the payment system X is considering the implementation of Dogecoin has caused much anticipation and positivity among the community with many anticipating that this will give a boost to the use of the digital currency.
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