Elon Musk’s X Payments has clinched a critical payment license in Louisiana, adding to its growing portfolio of state licenses and stirring the crypto community, especially Dogecoin enthusiasts.
This development comes on the heels of acquiring three additional money transmitter licenses, bolstering X Payments’ presence in the U.S. financial landscape.
The acquisition, as reported by X Daily News, marks a significant stride for X Payments, which now boasts authorization in 23 states, with applications pending in others.
This expansion fuels speculation about the potential integration of Dogecoin (DOGE) into X Payments, particularly given Musk’s history of support for the meme coin.
The buzz around Dogecoin’s future utility has intensified, with its price experiencing a notable uptick. Investors and market watchers are keenly observing the synergy between Musk’s payment platform and DOGE, considering Musk’s previous hints at accepting the cryptocurrency for Tesla purchases.
While the integration remains unconfirmed, the anticipation builds as Musk’s ventures inch closer to incorporating crypto features, expected to go live by mid-2024. The Louisiana license signifies a leap forward for X Payments, yet the implications for Dogecoin’s adoption and utility in the broader market are still a matter of conjecture.
At the time of writing, Dogecoin’s price has surged by 8.34% to $0.2169, with trading volume climbing by 17.28% to $5.86 billion. The meme coin’s recent high of $0.2266 and low of $0.1986 reflect the market’s response to the unfolding narrative around X Payments and its potential embrace of Dogecoin.
