X secures Rhode Island currency transmitter license, paving way to crypto services

X, formerly known as Twitter, has edged closer to its goal of integrating cryptocurrencies into its services by securing a currency transmitter license in Rhode Island.

This development signifies a critical step towards X’s envisioned transformation into a comprehensive “everything app,” akin to China’s WeChat. Under the stewardship of owner Elon Musk, the platform has made substantial strides in securing necessary money transmitter licenses across multiple states.