Elon Musk’s X company, formerly known as Twitter, has obtained licenses to conduct cryptocurrency transactions and process them in seven states, including Rhode Island. This development has raised expectations among Dogecoin (DOGE) enthusiasts, as Musk has shown favor towards the meme coin in the past.
The DOGE army eagerly anticipates the integration of DOGE payments on the X app, and as a result, DOGE has experienced a 4.34% price jump, currently trading at $0.06455. The recent rise in DOGE is also attributed to the sudden increase in Bitcoin’s price, driven by Grayscale’s legal victory against the SEC regarding the Bitcoin ETF case.
In addition to the potential adoption on the X app, Musk hinted at the possibility of DOGE payments extending to Tesla if ultimately adopted by X. Tesla has already accepted Dogecoin as payment for merchandise in its online store, and SpaceX followed suit in the spring of 2022. The market eagerly awaits further developments in Musk’s journey towards crypto payments adoption. write a list of catchy headlines
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