Twitter, or X as it is now known, has received the Rhode Island Currency Transmission License, which is required for cryptocurrency trading in the state.

The license may allow Twitter to provide virtual currency-related services on behalf of its users, such as the storage, transfer and exchange of digital assets.

Twitter has recently been looking to become a payments company. In the past, it has also been expanding its presence in the cryptocurrency space. It has partnered with Strike, a Bitcoin payment app, and added the display of Bitcoin and Etherium addresses in user profiles.

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