The chief executive of Melbourne, Caroline Bowler said in emailed comments
“The news of Elon Musk’s X, obtaining a license to facilitate U.S. crypto payments amplifies the ongoing transformation of the crypto landscape.
Endorsements from prominent figures like Musk lend credibility to the sector and hold implication for international markets”.
A political activist and influencer, Ed Krassenstein asked a question to many X users that
“Could this mean that X will soon allow people to send and receive cryptocurrency over the platform”.
As per the reports the license is of some other state and is a money transmitter license. It has been received by a X user. Therefore, it means the X users almost have this license in the country for seven states. The developer stated
“Coins will likely not be something we’re doing” and “We’re focused more on making real money work if we can rather then some substitute currency”
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