Could DOGE Become Involved? Much Speculation as X Licenses Up Payments Game in the US

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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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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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.