Twitter, now rebranded as X, has added a new twist to its tale by acquiring the necessary license to offer cryptocurrency transactions in the United States. The Rhode Island Currency Transmitter License, as officially approved on August 28, allows X to provide various services related to digital assets, such as storage, transfer, and exchange.
This move takes X beyond viral tweets and trending hashtags. Adding the ability to send and receive cryptocurrency propose a seismic shift—a shift that opens the door to revolutionizing the way NFTs are used and seen.
Earlier this year, X launched the integration of NFTs as profile pictures. A big leap for NFT enthusiasts, the introduction of cryptocurrency payments and transactions continues to break down barriers.
As is well-known, NFTs are unique tokens representing ownership of digital assets and their use has grown exponentially in the market—from digital music and artwork to virtual real estate and beyond. By adding crypto services and transaction abilities to a platform brimming with millions of users worldwide, X could possibly create a tantalizing digital playground.
The anticipation surrounding the potential growth of the NFT market due to these developments is palpable, with X at the helm of this daring evolution.