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Shiba Inu: Will Elon Musk’s Tesla Accept SHIB?

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Shiba Inu (SHIB) is undoubtedly one of the most popular cryptocurrencies in the market. The dog-themed crypto is among the best-performing assets of the last four years, rising by many million percent. While the asset’s popularity is unquestioned, let’s find out if Elon Musk’s Tesla electric motor company will accept SHIB as payment. Musk, one of the wealthiest people in the world, is an avid supporter of SHIB’s rival cryptocurrency, Dogecoin (DOGE). Musk has enabled DOGE payments on many of his ventures. Clients can use DOGE to pay for Tesla and SpaceX merchandise. Musk has also accepted DOGE payments for a satellite mission to the moon. Also Read: Ethereum: New Proposal Aiming to Increase Throughput 50% Will Elon Musk’s Tesla Accept Shiba Inu? Source – Times Tabloid Musk has publicly stated that Dogecoin (DOGE) is his favorite cryptocurrency. The tech billionaire loves Shiba Inu dogs and is a proud owner of one named Floki. Some crypto enthusiasts e...

Elon Musk’s X moves closer to crypto payments with new state license

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Regulators from Rhode Island have approved X’s application for a currency transmitter license. Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector.  The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money — a definition that includes both fiat and crypto assets. The approval will allow for X to custody, transfer and exchange digital currencies.   X’s Rhode Island Currency Transmitter License was approved on Aug. 28 according to the Nationwide Multi-State Licensing System (NMLS). X has a total of seven money and currency transmitter licenses. Source: NMLS The move marks an important step forward in Elon Musk’s push for X to become an “everything app” — which would include crypto and fiat payments . While sources have suggested that X's upcoming payments feature will initially only offer su...