The price of Dogecoin has long experienced significant volatility whenever there is news related to payment services at companies led by Elon Musk, including X (formerly Twitter). Musk has repeatedly expressed plans to develop X into an “everything-app,” incorporating features like user-to-user payments.
Currently, X Payments LLC holds a money transmitter license in most U.S. states, except for New York.
The cryptocurrency community speculates that once this payment service launches, Dogecoin could become a part of the system, especially given Musk’s longstanding support for the memecoin. Tesla, Musk’s electric vehicle company, already accepts DOGE as a payment method for certain products on its online store.
https://bitforum.net – Crypto forum discussions about all aspects of cryptocurrency bitforum socialfi #InnovationSocialNetwork