PANews reported on December 31 that 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 suggested that USDC payments would be a valuable addition to the platform and called on the X team to explore the implementation of this feature.
This public call follows a similar suggestion by Coinbase’s chief engineer Travis Bloom, who was curious about when X’s owner Musk would implement the ability for users to send and receive USDC on the Base network. Market observers noted that implementing such a feature fits into X’s broader vision of introducing a payment system to transform the social media platform into a “universal app.”
In January, X unveiled 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 cryptocurrencies, 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.
