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Elon Musk’s X App Secures New Money Transmitter License, DOGE Army Excited

Aug 5, 2024 #仮想通貨
Elon Musk’s X App Secures New Money Transmitter License, DOGE Army Excited

Elon Musk’s X (formerly Twitter) has secured a new money transmitter license in North Dakota, bringing it closer to launching internal payments on the platform, much to the excitement of the Dogecoin community.

Points

  • X has secured a money transmitter license in North Dakota, adding to its existing licenses in 35 states.
  • The Dogecoin community is excited about the potential for X Payments, expected to launch later this year.
  • X aims to roll out its payments feature across all states, with only 15 states remaining.
  • The platform also announced monthly payouts for content creators on X.
  • This development aligns with Musk’s vision of integrating payments into social media.

Elon Musk’s rebranded social media platform, X, has taken a significant step towards integrating internal payments by securing a money transmitter license in North Dakota. This brings the total number of states where X has obtained licenses to 35, with only 15 states remaining before the payments feature can be fully launched.

Excitement Among the Dogecoin Community

The news has been met with great enthusiasm from the Dogecoin community, as many believe that X Payments could include Dogecoin (DOGE) as a supported currency. The announcement was shared by “DogeDesigner,” a prominent member of the Dogecoin team, further fueling speculation and excitement.

Progress Towards X Payments

With the latest license acquisition, X is on track to implement its payments feature later this year. The platform’s goal is to enable payments in all 50 states, offering users a seamless way to transact directly within the social media app. This aligns with Elon Musk’s broader vision of creating an all-encompassing platform that integrates social media and financial services.

Monthly Payouts for Content Creators

In addition to the progress on X Payments, the platform has also introduced monthly payouts for content creators. This feature allows creators to monetize their content through advertisements and subscriptions, providing an additional revenue stream. The first payouts were announced recently, marking a significant milestone in X’s efforts to support its user base.

Future Prospects

The integration of payments into X could revolutionize the way users interact on social media. By allowing financial transactions within the app, X aims to create a more engaging and functional platform. The potential inclusion of Dogecoin and other cryptocurrencies could further enhance this experience, attracting more users and increasing adoption.

解説

  • Innovative Integration: The move to integrate payments into X highlights Elon Musk’s innovative approach to combining social media and financial services. This could set a new standard for how social media platforms operate.
  • Dogecoin’s Potential: The excitement from the Dogecoin community underscores the growing interest in cryptocurrency adoption. If Dogecoin is integrated into X Payments, it could boost the coin’s usage and value.
  • Content Monetization: The introduction of monthly payouts for content creators shows X’s commitment to supporting its users. This feature not only provides financial incentives but also encourages the creation of quality content.
  • Market Impact: X’s progress in securing licenses and rolling out payments could influence other social media platforms to explore similar integrations. This trend could lead to increased adoption of digital payments and cryptocurrencies.