Elon Musk’s X Acquires License to Add Crypto Payments
In a surprise move that could mark a new era for digital currencies, Rhode Island has officially approved a license requested by X, formerly known as Twitter, to store, transfer, and exchange Bitcoin and other digital assets on behalf of its users. The Rhode Island Currency Transmitter license, required for companies who wish to conduct activities related to Bitcoin and crypto payments on behalf of users, will now empower X to provide several crypto services, including payments, trading, wallets, and more.