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Coinbase CEO calls for X platform to adopt USDC for payment integration
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2024-12-31 20:32 6,669
Golden Finance reported that on December 31, according to CryptoSlate, Coinbase CEO Brian Armstrong has expressed his intention to integrate Circle’s USDC into the payment system of the X platform. In a post on December 29, Armstrong proposed that USDC payments would be a valuable addition to the platform and called on the X team to explore implementing this feature. The public call follows a similar suggestion from Coinbase chief engineer Travis Bloom, who wondered when X owner Musk would implement the ability for users to send and receive USDC on the Base network. Market watchers noted that implementing such a feature is in line with X's broader vision to introduce a payment system and transform the social media platform into a "universal app." In January this year, X announced plans to launch a peer-to-peer payment service similar to PayPal. While details remain unclear on whether the currency used by the service will be fiat or cryptocurrency, the platform has yet to launch the plan. However, X has made significant progress in obtaining money transmission licenses across the United States. Its subsidiary X Payments currently has licenses in 33 states, including California, Illinois and Virginia.
Keywords: Bitcoin
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