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| Source: NMLS |
The acquisition of this license is a major step towards X's goal of becoming a "cryptocurrency-friendly" platform. In the past, X has taken several steps to integrate cryptocurrency, such as adding a Bitcoin tipping feature and allowing users to set non-fungible tokens (NFTs) as profile pictures.
With this new license, X is now one step closer to allowing
users to send, receive, and store cryptocurrency directly on the platform. This
could be a major boom for the crypto industry, as it would make it easier for
people to use cryptocurrency in their everyday lives.
It remains to be seen what specific crypto payment features
X will offer, but the acquisition of this license is a positive sign for the
future of cryptocurrency on the platform.