Elon Musk’s X moves closer to crypto payments with new state license

Xs Rhode Island Currency Transmitter License was authorized on Aug. 28 according to the Nationwide Multi-State Licensing System (NMLS). X has an overall of seven cash and currency transmitter licenses. Xs latest license marks a total of 7 American states its protected transmitter licenses in.Related: Elon Musk praises pro-crypto Republican presidential candidateIt stays unclear precisely what financial offerings will be made offered if and when X rolls out payment features.People familiar with the businesss plans have shown X will at first offer fiat currency deal services similar to PayPal– which Musk co-founded– with room for future crypto integration.Deposit risk: What do crypto exchanges actually do with your money?