Elon Musk, the CEO of X (formerly known as Twitter), has put an end to the rumors of the development of an “𝕏 coin” to reward creators on the platform. He responded with a “no” to the speculation. This news has been met with disappointment from the cryptocurrency community, particularly Dogecoin supporters, who had hoped that Musk would integrate Dogecoin as the platform’s native currency.

In a separate but related development, X has obtained a currency transmitter license from Rhode Island, its seventh state license in the U.S. This has sparked renewed speculation about the platform’s crypto ambitions. Industry experts have noted that endorsements from influential figures like Musk could reshape the global crypto landscape. Dogecoin’s price saw a small bump after Musk’s recent remarks, leading many to wonder if Musk considers Dogecoin “real money.”

Last week, leaks hinted at Musk’s discussions with Wall Street executives about turning X into an updated version of PayPal. Whether or not Dogecoin or any other cryptocurrency becomes integrated into X remains a captivating subject for ongoing discussions.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸 🇦🇺
Sentiment	neutral
Relevance Score	8
People	Elon Musk, Caroline Bowler
Companies	X (formerly known as Twitter), Forbes Digital Assets, PayPal, Rhode Island regulators, BTC Markets
Currencies	Ethereum, Bitcoin, Dogecoin, US Dollar
Securities	None