Fun

News Feed - 2023-08-30 09:08:37

Tom Mitchelhill8 hours agoElon Musk’s X moves closer to crypto payments with new state licenseRegulators from Rhode Island have approved X’s application for a currency transmitter license.4207 Total views30 Total sharesListen to article 0:00NewsJoin us on social networksRhode Island’s regulators have granted X (Twitter) a currency transmitter license, marking a step forward for the company’s foray into the financial services sector. 


The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money — a definition that includes both fiat and crypto assets. The approval will allow for X to custody, transfer and exchange digital currencies.  


X’s Rhode Island Currency Transmitter License was approved on Aug. 28, according to the Nationwide Multi-State Licensing System (NMLS).X has a total of seven money and currency transmitter licenses. Source: NMLS


The move marks an important step forward in Elon Musk’s push for X to become an “everything app” — which would include crypto and fiat payments.


While sources have suggested that X"s upcoming payments feature will initially only offer support for fiat currencies, Musk has reportedly instructed developers at X to build the platform’s payments system in such a way that crypto functionality can be added in the future. 


The approval comes nearly two months after X secured money transmitter licenses in Michigan, Missouri and New Hampshire which were all approved on July 5. X’s latest license marks a total of seven American states it’s secured transmitter licenses in.


Related:Elon Musk praises pro-crypto Republican presidential candidate


It remains unclear exactly what financial offerings will be made available if and when X rolls out payment features.


People familiar with the company’s plans have indicated X will initially offer fiat currency transaction services similar to PayPal — which Musk co-founded — with room for future crypto integration.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Deposit risk:What do crypto exchanges really do with your money?# Bitcoin# Twitter# Cryptocurrencies# Business# Payments# Adoption# Digital Currency# Bitcoin Payments# Elon MuskAdd reactionAdd reactionRead moreHow to actually spend your Bitcoin, Explained5 real-world Python applications The bright side of Evergrande’s collapse? More crypto volatility

News Feed

Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To ‘Blocked Activities’
Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To "Blocked Activities" Uniswap, one of the main decentralized finance exchanges in the cryptocurrenc
EU Regulators Warn Crypto Unsuitable as Investment or Means of Payment for Most Retail Consumers
EU Regulators Warn Crypto Unsuitable as Investment or Means of Payment for Most Retail Consumers Several European regulators have issued a joint warning on crypto assets. “T
Biggest Movers: DOGE Jumps 6%, AVAX Hits 2-Month High on Monday
Biggest Movers: DOGE Jumps 6%, AVAX Hits 2-Month High on Monday Dogecoin rose by over 6% to start the week, as prices moved back towards a key resistance level. The meme coin moved
Ocean Nodes Incentive Program delayed for back-end improvements
Josh O"Sullivan10 hours agoOcean Nodes Incentive Program delayed for back-end improvementsOcean Protocol has rescheduled the launch of its Nodes Incentive Program to Aug. 29,  complete backend updates and enhancements.6
This Bitcoin Price Range Could Be The Bulls’ Final Defense Line, Report Says
Este artículo también está disponible en español. A report from the on-chain analytics firm Glassnode has revealed a Bitcoin price region that could prove to be crucial f
Ayn Rand: Francisco d’Anconia’s Speech on Money
Ayn Rand: Francisco d"Anconia’s Speech on Money“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exc
Shiba Inu’s Shibarium Marks 1 Billion Transactions Milestone, But Why Is SHIB Price Still Struggling?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Corporate adoption is in ‘amateur league’ despite Bitcoin ETFs
Zoltan Vardai12 hours agoCorporate adoption is in ‘amateur league’ despite Bitcoin ETFsCorporations could pave the way toward more mainstream crypto industry trust, according to the co-founder of Trust Square.3229 To
Crypto Market Leaders Differ on Pace of Inst Adoption. Who’s Right?
  Bitcoin is in the midst of a tremendous run that saw the crypto rise from $3,693.85 in January 2019 to as high as $13,880 in June. That
Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Higher Ahead of US Inflation Report
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Higher Ahead of US Inflation Report Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S
Australian Monochrome spot Bitcoin ETF expected to launch within 2 months, says CEO
Prashant Jha13 hours agoAustralian Monochrome spot Bitcoin ETF expected to launch within 2 months, says CEOAlthough Australia already has a couple of ETPs exposed to Bitcoin, Monochrome’s spot BTC ETF will be the first