Dogecoin

<ul>
 <li>Elon Musk’s X just so happened to acquire 35 state licenses for payment and that puts X in the works of becoming a social and financial platform.</li>  
 <li>The community is hopeful for the future use of at least the DOGE token in X’s payment platform.</li>  
 <li>X has added new ways for content producers to make money, which is in line with Musk’s overall approach of payments within the platform.</li> 
</ul>  
<p>Elon Musk’s rebranded X platform, previously called <a href="https://cryptonewsland.com/elons-twitter-blue-verified-status-buyable-controversy-erupts/" target="_blank" rel="noopener noreferrer nofollow">Twitter</a>, is gradually moving toward the establishment of an internal payment system acquiring another money transmitter license. The most recent license was acquired in North Dakota, making the count of states with X license reach 35. This development has generated much enthusiasm in the Dogecoin community because some believe that the payment side of X’ service might be launched in the later part of this year.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/cb_doge/status/1819342128293831120
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-licenses-accumulating-for-x-payments">Licenses Accumulating for X Payments</h2>  
<p>The expansion of X’s payment licenses marks a significant milestone in Musk's vision of transforming the platform into a multi-faceted social and financial hub. With 35 states now on board, X is closer to rolling out its payments feature across the United States. The remaining 15 states are expected to follow suit, allowing X to fully implement its payment system. This move aligns with Musk’s broader strategy of integrating financial services into X, potentially positioning it as a formidable competitor to existing payment platforms.</p>  
<p>In addition to payment integration, X has also introduced new monetization options for content creators. These features, including ad revenue sharing and subscription services, are designed to provide users with multiple streams of income. Monthly payouts to creators have already begun, marking a significant shift in how social media platforms can financially reward their users. These developments underscore Musk’s commitment to evolving X into a platform that not only fosters social interaction but also facilitates financial transactions.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/cb_doge/status/1819368642917945377
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-dogecoin-community-reacts-with-optimism">Dogecoin Community Reacts with Optimism</h2>  
<p>The community that involves the use of<a href="https://cryptonewsland.com/join-the-doge-boom-twitterpay-backbone-rumors-spur-20-rise/" target="_blank" rel="noopener noreferrer nofollow"> Dogecoin </a>has shown a lot of support to Musk and whatever he engages in or supports. From the DogeDesigner who is part of the Dogecoin development team, the updates on X have been well communicated. It is not only because of the payment feature but also because changes may occur to Dogecoin, which Musk has previously supported. The fact that the payment system X is considering the implementation of Dogecoin has caused much anticipation and positivity among the community with many anticipating that this will give a boost to the use of the digital currency.</p>  
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>  
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/doge-price-surge-what-xs-new-crypto-payment-license-means-for-elon-musks-all-in-one-app/" rel="noopener noreferrer nofollow">DOGE Price Surge? What X's New Crypto Payment License Means for Elon Musk's All-in-One App</a></li>  
 <li><a href="https://cryptonewsland.com/doge-and-x-app-elons-vision-for-a-connected-crypto-future/" rel="noopener noreferrer nofollow">DOGE and X App: Elon's Vision for a Connected Crypto Future</a></li>  
 <li><a href="https://cryptonewsland.com/x-payments-chief-reveals-vision-for-comprehensive-banking-app/" rel="noopener noreferrer nofollow">X Payments Chief Reveals Vision for Comprehensive Banking App</a></li>  
 <li><a href="https://cryptonewsland.com/will-doge-dominate-elon-musks-everything-app-x/" rel="noopener noreferrer nofollow">Will DOGE Dominate Elon Musk’s Everything App ‘X’?</a></li>  
 <li><a href="https://cryptonewsland.com/dogecoin-makes-sudden-pump-with-x-app-integration-speculation/" rel="noopener noreferrer nofollow">Dogecoin Makes Sudden Pump With X App Integration Speculation</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/elon-musks-x-app-expands-payment-licenses-dogecoin-enthusiasts-anticipate-major-launch/" rel="noopener noreferrer nofollow">Elon Musk’s X App Expands Payment Licenses: Dogecoin Enthusiasts Anticipate Major Launch</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Elon Musk’s X App Expands Payment Licenses: Dogecoin Enthusiasts Anticipate Major Launch

Table of Contents

Crypto News Land

Other articles published on Aug 3, 2024

Investors Withdraw from Ethereum ETFs in the United States

Solana Rebound: SOL To Hit $260 Despite Continuous Dip, Analyst Says

Baradex.com: Pioneering Innovation in the Cryptocurrency Market

MEET48 GIPR2 Dapp Ranks Top Globally, Announces the 1st Web3 Metaverse Idol Popularity Ranking in...

Elon Musk’s X App Expands Payment Licenses: Dogecoin Fans Excited

OKX's Venture Arm and Aptos Foundation Announce $10M Fund to Boost Aptos Ecosystem

Join our free newsletter for daily crypto updates!