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Elon Musk’s X Payments expands boundaries, secures Louisiana license

source-logo  invezz.com 29 March 2024 10:22, UTC

X Payments received the Check Sales & Money Transmitter certificate for Louisiana. The move triggered optimism within the crypto market, with the payments platform securing licenses in 23 states in the US.

💱 X Payments Granted Sale of Checks and Money Transmitters License from Louisiana!#X pic.twitter.com/JRAYotIvZ4

— Updates (@sirfupdate_) March 29, 2024

The continuous expansion reflects Elon Musk’s dedication to transforming the digital transactions landscape. The regulatory focus cements X Payment’s footprint in the United States market.

Meanwhile, the latest Louisiana license updates triggered speculations in the cryptocurrency industry, with discussions on Dogecoin’s (DOGE) potential integration dominating trends.

While there’s no official statement on DOGE as a payment option, the alt reacted with an upside price moves.

Dogecoin’s current price outlook

The original memecoin gained 6% over the past day to trade at $0.2127 during this publication.

DOGE 1D Chart on Coinmarketcap

Dogecoin seems poised for more uptrends, considering ongoing bullish cues. Elon Musk stated that X might launch its payment functionality by mid this year.

Elon Musk remains a prominent figure in the market, with its action often triggering significant price actions. Further, the Tesla CEO has previously promoted Dogecoin, contributing to the meme coin’s impressive growth.

Moreover, the latest hints about Tesla accepting Dogecoin payments for its electric vehicles showcased catalyzed discussions about DOGE’s wider adoption.

While X Payments expands its footprints and Musk’s effect looms, investors closely follow the developments, with Dogecoin remaining on the radar.

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