Elon Musk continues to develop X (formerly Twitter) following his vision of creating a super app and an app that will become the world’s biggest and best app when it comes to financial transactions.
This means X crypto exchange and Wallet could soon be launched.
Yesterday it was revealed that the American state of Rhode Island has approved a license requested by Twitter Payments LLC, X’s payment subsidiary, to be able to store, transfer and exchange Bitcoin and other digital assets on behalf of its users. In other words, X users will soon be able to buy, sell and trade with cryptocurrencies as easily as one can do with, for example, the London-based successful company Revolut or with well known exchanges like ByBit or Coinbase.
Complete Crypto License
It turns out that X’s new license also covers “related service providers”, such as wallet and exchange. Now the crypto world is excited and awaits the next move from the super entrepreneur that most likely also is the creator of Bitcoin.
Musk made an exit with PayPal back in 2002 and used that money to invest in Tesla and at the same time founded SpaceX. He also rund Neuralink, The Boring Company and bought the social media company Twitter for a staggering + 40 billion dollars. Musk has been restructuring Twitter and also changed the name to X just a couple of weeks ago.
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