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<ul><li>X (formerly Twitter) has obtained money transmitter licenses from two more US states, namely Maryland and Georgia.</li><li>The licenses will allow the social media site to store, transfer, and trade fiat, as well as cryptocurrencies.</li><li>DOGE gained more than 8% after X secured the money transmitter licenses.</li></ul>Social networking giant X (formerly Twitter) recently secured money transmitter licenses from seven states in the US. The licenses would allow the social media platform to store, transfer, and trade fiat as well as cryptocurrencies. The licenses also paved the way for crypto-enabled payments in the future.According to the official <a href="https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2404946" rel="noopener noreferrer nofollow">website</a> of the Nationwide Multistate Licensing System (NMLS), the states of Maryland and Georgia became the latest to grant a money transmitter license to X earlier this month. The social media giant previously secured similar licenses from New Hampshire, Missouri, Michigan, Rhode Island, and Arizona.The latest license additions took X’s total to seven US states, bringing it one step closer to enabling nationwide payments. The San Francisco-based firm is reportedly seeking similar licenses from other states as well. The first money transmitter license to X was granted by New Hampshire in June 2023. X’s bid to enable payments on its platform began just months after billionaire businessman Elon Musk acquired the platform in October last year.Read full article at <a href="https://cryptotale.org/x-secures-money-transmitter-license-from-2-more-us-states/" rel="noopener noreferrer nofollow">CryptoTale.</a>

X Secures Money Transmitter License From 2 More US States

CryptoTale

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