X Payments

<ul class="news-points">
 <li>X Payments debuts without crypto, only securing a Money Transmitter License in Louisiana.</li>
 <li>Major firms like PayPal and Coinbase comply with Virtual Currency License requirements, unlike X Payments.</li>
 <li>New York’s strict crypto license rules impact X Payments’ strategy, reflecting Musk’s regulatory concerns.</li>
</ul>
In the development of the digital payment industry, X Payments, a new venture by the social media platform X (formerly Twitter), is set to make its debut without cryptocurrency integration. Acquired and rebranded by billionaire entrepreneur <a href="https://coinedition.com/will-doge-flip-xrp-as-elon-musk-obtains-x-payments-license/" rel="noopener noreferrer nofollow">Elon Musk</a>, X Payments recently received a key Check Sales and Money Transmitters license in Louisiana.&nbsp;
However, the company’s absence of a Virtual Currency Business License, crucial for crypto asset transactions, signals a delay. This indicates that digital currencies like Dogecoin and others may not be embraced at its inception.
Notably, Louisiana and states like New York require firms engaging in crypto-related activities to obtain a specific <a href="https://coinedition.com/virtual-currency-tracking-system-south-koreas-crypto-regulation/" rel="noopener noreferrer nofollow">Virtual Currency</a> Business License. This requirement has been met by major players such as Robinhood, PayPal, Coinbase, and eToro.
Essential for operations involving virtual ass…
The post <a href="https://coinedition.com/elon-musks-x-payments-unlikely-to-support-cryptos-at-launch/" rel="noopener noreferrer nofollow">Elon Musk’s X Payments Unlikely To Support Cryptos at Launch</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Elon Musk’s X Payments Unlikely To Support Cryptos at Launch

Coin Edition

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