# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C41RGdatmET
- **Gondola URL:** https://gondola.cc/posts/17856491-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/f92f413542.jpg
- **Posted:** 2024-03-22T21:52:43.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

For years, entrepreneur Elon Musk has touted Dogecoin and other cryptocurrencies. He has involved them in other companies, such as allowing DOGE payments for Tesla merchandise, but most of these uses have been on smaller scales. However, recent approval for numerous licenses could point towards larger plans for DOGE in the future. 

On March 20, 2024, X Payments LLC, the arm of X responsible for driving the peer-to-peer payment business, secured three more licenses for money transmitter activities. The three states providing approval were New Mexico, Oregon, and Illinois, bringing the total number of approved states to 22. The licenses are required for sending and holding customer funds, similar to how PayPal, Venmo and Cash App work. 

Adding three new states to the list of approvals is positive for the company. With nearly half of the U.S. states willing to allow X to transmit money, there is somewhat of a precedent that could make it easier for others to provide licenses and bring X closer to Musk’s goal.

Additionally, many have speculated about what payments on X could look like. With Musk’s known affinity for DOGE and other tokens, it would make sense for X to incorporate that into their platform. Musk also mentioned in his biography that he would like to incorporate DOGE with social media before buying X.

#dogecoin

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## Tags

dogecoin

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