PANews reported on December 31 that according to CryptoSlate, Coinbase CEO Brian Armstrong has expressed interest in integrating 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.
Prior to this public call, Coinbase's chief engineer Travis Bloom had also made a similar suggestion, curious as to when X's owner Musk would enable users to send and receive USDC on the Base network. "Market observers point out that implementing such a feature is in line with X's broader vision of introducing a payment system and transforming the social media platform into an 'all-purpose app'.
In January this year, X announced plans to launch a peer-to-peer payment service similar to PayPal. While the details of whether the service will use fiat currency or cryptocurrency are still unclear, the platform has not yet launched the service. However, X has made significant progress in obtaining money transmission licenses in various parts of the United States. Its subsidiary X Payments currently holds licenses in 33 states, including California, Illinois, and Virginia.
