Elon Musk’s X moves closer to crypto payments with new state license By Cointelegraph

Rhode 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 has a total of seven money and currency transmitter licenses. Source: NMLS