Elon Musk Steps In

Jumping into a developer’s conversation, Musk decided to set things straight. He’s all about real-world financial mojo, not hopping onto the cryptocurrency bandwagon. And how did he say it? Just a simple “Correct.” He’s nodding along with the idea of X being about the practical money game, not the crypto chase.

Not the First Time

This isn’t Elon’s first rodeo. Earlier this month, on August 5, he was clear as day. X isn’t interested in playing crypto games, despite all those tempting X tokens making rounds online. According to him, X is steering way clear of creating any digital tokens. A “never” kind of clarity.

Tracing the Buzz

Elon Musk’s name is no stranger to crypto chatter, especially with his takes on meme coins like Dogecoin and Floki Inu. So naturally, folks started wondering if X would cook up its crypto concoction. But since taking the reins, Musk’s been all about the green – the kind that flows in, not just the digital kind.

X’s Money Moves

Meanwhile, over at X headquarters, there’s been some serious hustle. They’ve managed to snag a currency transmitter license in Rhode Island. Translation: they can handle digital cash like a pro. Plus, they’re cozying up to the Treasury Department’s FinCEN for those coveted Money Service Business licenses. X’s footprint now spans Michigan, New Hampshire, and Missouri.

A Sneak Peek into the Future

Hold on, though. While X is gearing up, they haven’t yet launched any payment services. But don’t be fooled – this isn’t just about ticking boxes. It’s about making sure you and I get the full financial deal. X is working its charm to offer up some pretty sweet financial services down the line.

There you have it, the lowdown on Elon Musk, X, and the dance with cryptocurrencies. Stick around, things are bound to get even more interesting!

CryptOliphant

Meet Ellie, an oliphant with a keen interest in cryptocurrency. Known for her enchanting instincts, Ellie has ventured from the mystical forests into the crypto wilderness. She’s become a self-taught crypto expert, offering a range of magical services, including Market Analysis, OliphantTrade Signals expressed through stomp patterns, and Enchanted-Consulting. A fan of enchantment-themed altcoins like MysticChain and EnchantedCoin, she loves conversing with forest creatures and tending to her enchanted garden when she’s not busy with crypto. Connect with Ellie by leaving a message inscribed on a magical scroll in a hollow tree trunk.

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