Dogecoin Surges as X (Twitter) Obtains License Required for Virtual Currency: What's Next?

The price of the largest meme coin, Dogecoin, surged by as much as 6% following the news regarding Elon Musk’s X. Why? Because Dogecoin’s future implementation into Elon Musk’s envisioned all-in-one X app comes a step closer to reality. Social media platform X, formerly Twitter, has acquired licensure needed to facilitate cryptocurrency payments and trading in the U.S.

X's Crypto License: A Game Changer for Dogecoin?

Rhode Island’s financial regulatory authorities have granted X (formerly Twitter) a virtual currency transmitter license, enabling the company to engage in the sending. As indicated by records on the Nationwide Multistate Licensing System (NMLS), X has obtained a Currency Transmitter License (CTL) on August 28th from the state. This is significant because La plataforma de medios sociales X, anteriormente conocida como Twitter, obtuvo recientemente una licencia de transmisor de pagos con criptomonedas del regulador.

X's Growing Crypto Ambitions

La red social X, ex Twitter, obtuvo la licencia de transmisor de dinero de Rhode Island. The new license of X se suma a otros pasos de la compañía en el ecosistema. Its application for the Rhode Island regulators in Rhode Island have formally issued the license. Recently X (Twitter), logro obtener la autorización para que su interfaz posibilite a sus usuarios hacer pagos con criptomonedas. Una licencia otorgada por el estado 5 de sept. de 2025.

What this means for Dogecoin

This license signals a major step towards integrating cryptocurrency payments within the X platform. Dogecoin, a favorite of Elon Musk, is widely speculated to be among the first cryptocurrencies supported. This potential integration could drastically increase Dogecoin's utility and adoption, driving further price surges and solidifying its position in the crypto market.

Stay tuned for more updates on Dogecoin's integration into X and the future of cryptocurrency on social media!