Twitter (X) Acquires Required License to Add Crypto Payments

X may possibly introduce cryptocurrency sending and receiving feature to its millions of users worldwide.

Written By:
Gopal Solanky

Twitter X Acquires Required License To Add Crypto Payments

The social media platform X, formerly known as Twitter, has obtained a license required for crypto payments and trading in the US. 

The Rhode Island Currency Transmitter License was approved to X on 28 August, according to data displayed on NMLS. This license is required to provide virtual asset related services on behalf of users. 

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It will enable the social media platform to store, transfer and exchange digital assets for its massive user base. 

The Rhode Island license grants access to maintain control of virtual currency and its transaction on behalf of others. This license holder includes different crypto-related services providers such as crypto exchanges, wallets and payment processors.

X previously took a major step towards incorporating crypto by adding Bitcoin tips feature to the platform. It also added support to set NFTs as profile pictures.

Since Elon Musk took over, the social media platform is going through huge changes. Musk has stated that he wants to turn twitter into an ‘everything app.’



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Gopal is a passionate crypto researcher & writer with a keen interest in innovations. Being in crypto space for over 4 years of period, he has gained extensive knowledge and technical understanding in DeFi by studying various protocols and decentralized infrastructures.
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