Dogecoin (DOGE) Payments May Be Added to X, the Social Media Site That Used to Be Called Twitter

Some people in the Dogecoin community, like key member Mishaboar, have talked about the rumors that Dogecoin (DOGE) payments might be added to X

Dogecoin (CRYPTO: DOGE) payments on X, the social media site that used to be called Twitter, could be a game-changer for the meme coin.

Some people in the Dogecoin community have talked about the rumors, but X has not yet confirmed the news.

However, Elon Musk, who owns X, has shown support for DOGE in the past, which has made his comments even more powerful.

Here's what we know about the rumors and the latest on X's payment plans.

What Happened: Key member of the Dogecoin community Mishaboar highlighted the rumors that X might be adding DOGE payments.

However, Mishaboar clarified that there is no evidence at the time to suggest that DOGE is being integrated into X's payment system.

“Not really – X is acquiring licenses across all U.S. states to launch its payments service, but there is no real information beyond rumors or speculation regarding crypto and Dogecoin integration/support,” Mishaboar wrote on Monday.

Mishaboar's comments come after X took steps to introduce its payment system, including acquiring a money-transmitter license in North Dakota.

X applied for the license in July and received approval from the North Dakota Department of Financial Institutions.

The license will allow X to engage in the transmission of money, including operating a payment system, issuing payment instruments and engaging in other activities.

X has also made efforts to obtain licenses in other states, including California, Florida and Texas.

The company applied for a license in California in May and is still awaiting approval.

In Florida, X applied for a license in March and received conditional approval from the state's Office of Financial Regulation.

The license will allow X to operate a closed-loop prepaid payment program in the state.

In Texas, X applied for a license in April and received approval from the state's Department of Banking.

The license will allow X to engage in the transmission of money, including operating a payment system and issuing payment instruments.

Why It's Important: X is making moves to introduce its payment system, which will allow users to send and receive payments through the platform.

The company has applied for licenses in several states and is expected to continue expanding its payment services in the coming months.

While there is no confirmation on DOGE being integrated into X's payment system, the rumors are likely to continue, especially given Musk's previous comments on the meme coin.

Musk has said in the past that he believes DOGE is a better cryptocurrency for everyday transactions compared to Bitcoin (CRYPTO: BTC).

“I certainly hope that people, if they have the means, will continue to support the good cause and hopefully, they will be rewarded for it in the future. But, you know, I think it's ultimately up to the community to decide what they want to do with the coin,” Mishaboar said.

See More: Best Cryptocurrency Scanners

DOGE Price Action: At last check Monday, DOGE was rising 3.36% to $0.123.

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