- Rhode Island granted X a virtual currency transmitter license, enabling the sending and receiving of fiat and crypto.
- The license is a crucial endorsement for entities handling monetary transfers, showing X’s broad financial goals.
- The approval could be the first step to Musk’s vision of an Everything app.
Rhode Island’s financial regulatory authorities have granted X (formerly Twitter) a virtual currency transmitter license, enabling the company to engage in the sending and receiving of both traditional fiat and digital currencies. This license signifies X’s extensive financial aspirations.
8️⃣ Final Take: