Platform X Gets License To Serve Crypto Wallet In America!

<p>&nbsp;The social media platform X (formerly Twitter) owned by the world's richest man Elon Musk has reportedly obtained a license to operate a cryptocurrency wallet service in the United States (US).</p><p><br /></p><p>According to reports, the Currency Transmission License (CTL) was obtained in Rhode Island.</p><p><br /></p><p>With the approval of the operation, the X platform will be allowed to carry out legitimate crypto wallet service operations.</p><p><br /></p><p>Users can store, send and receive various cryptocurrencies that are seen to revolutionize the payment system on the platform as planned by Musk before.</p><p><br /></p><p>In addition to the crypto market recovering with the news of Grayscale Investment's victory in the lawsuit against the US Securities and Exchange Commission (SEC) yesterday, this news also supported a surge in the price of the Dogecoin (DOGE) crypto.</p><p><br /></p><p><br /></p><p>The price of DOGE which hovered slowly yesterday at $0.063 level has jumped to $0.068 before slightly retreating today.</p><p><br /></p><p>As everyone knows, DOGE is Elon Musk's favorite crypto that has been mentioned since 2021 and he also has plans to use the dog-themed crypto in the payment system on the X platform.</p><p><br /></p><p>The plan to create a crypto wallet service will help Musk further develop the platform in payment services involving cryptocurrencies.</p><p><br /></p><p>He previously revealed plans in early 2023 to bring the financial market ecosystem when rebranding Twitter to X.</p><p><br /></p><p>But, are DOGE investors still confident that the price can jump again after this as witnessed in 2021?</p>