X has recently obtained Money Transmitter Licenses from 18 US states including New Hampshire, South Dakota, and Pennsylvania. This will allow X to expand its payment offerings to users within those jurisdictions.
As the new owner of X, Elon Musk is a well-known proponent of cryptocurrency, particularly Dogecoin. Some speculation has surfaced that with these new payment capabilities, Musk may look to integrate Dogecoin as a payment option on the X platform.
However, it’s important to note that this is just speculation at this point. X has not confirmed any plans to add Dogecoin payments. Readers should regard any predictions as uncertain.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Nonetheless, Dogecoin’s price may be influenced if such an integration were to occur. Currently trading around $0.08, Dogecoin has been in a $0.07-0.09 range since December. Increased usage as a X payment option could generate fresh interest and demand for DOGE, potentially pushing its value higher from current levels.
Of course, Dogecoin would still have a long climb to surpass its all-time high above $0.70 from May 2021. Only time will tell if any partnership with X may help propel the coin to new heights. For now, the possibility of a X integration remains speculation. But given Musk’s vocal support for Dogecoin, some see potential upside for the cryptocurrency.
You may also be interested in:
- Why Is API3 Price Up? Crucial Breakout Signals a Major Change of Direction
- Crypto Expert Forecasts Price Decline for Cardano’s ADA if This Key Resistance Continues to Hold
- Amid Chainlink’s Market Turbulence, NuggetRush Emerges as a Preferred Safe Haven for Investors
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
