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.
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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.
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