X, formerly Twitter, has acquired a license to provide cryptocurrency payments and trading services in the U.S. This feat briefly caused an upsurge in the price of Dogecoin (DOGE), where it temporarily joined Borroe ($ROE) and InQubeta (QUBE) under the focus of cryptocurrency investors.
A Significant Milestone for Crypto
The microblogging platform has taken a major step towards its goal of integrating crypto payments into the platform with the acquisition of the Rhode Island Currency Transmitter license.
The license, which enables businesses to manage virtual currencies on behalf of others, takes X one step closer to being a more crypto-friendly platform.
This is after other features were incorporated to allow Bitcoin tipping and setting non-fungible tokens (NFTs) as display pictures. As expected, speculation rose about what this achievement means for Dogecoin (DOGE).
It is no secret that there seems to be some attraction for DOGE from the owner of X, Elon Musk, who has been nicknamed the Dogefather. Over the years, the meme coin has experienced significant changes in its price based on tweets by Musk, and this news, once confirmed by the Nationwide Multistate Licensing System (NMLS), caused a familiar reaction.
While varied reports attribute the recent value jump of DOGE by about 5% to a series of positive market developments, many cryptocurrency observers opine that the news of the license caused a wave of optimism, as history has proven over time.
While X’s and the Dogefather’s win might have caused a shakeup for DOGE, experts believe that the effect of the acquired license won’t end with the original memecoin.
This significant move integrates cryptocurrency into yet another mainstream platform. According to the CEO of CryptosRUs, George Tung, while speaking about the possible reach of this step, the possibilities will “definitely be very good for the entire market.”
As Dogecoin gained another bout of investors’ consideration, two more tokens are also making the rounds in the minds of cryptocurrency investors and enthusiasts. InQubeta (QUBE) and Borroe Finance ($ROE) are AI-related projects drawing attention due to their revolutionary solutions and their ongoing successful presale.
InQubeta (QUBE)
InQubeta presents an innovative approach to funding AI startups by enabling fractional investment in AI startups using QUBE tokens. It creates an ecosystem where AI startups can raise funds and engage with a community of investors and supporters.
On this crypto crowdfunding platform, the NFT marketplace enables qualified AI startups to raise funds and offer reward and equity-based NFTs for QUBE token holders to invest in if they believe in the project. The platform benefits both parties and makes it easier for supporters of the AI industry to back the projects they are interested in.
An interesting factor in this platform is that, with the investment opportunities minted into NFTs and then fractionalized, investors with the QUBE token can invest in a way that suits their individual budgets. This and other attributes of the deflationary token apparently make for a good investment option if the ongoing presale, which currently has less than 15% of its Stage 3 to go, is anything to go by.
Borroe Finance ($ROE)
Just as QUBE powers a solution for funding AI startups, $ROE powers the Borroe platform, which focuses on Web3 creators and participants.
On Borroe, Web3 participants like content creators, social media influencers, and other subscription-based content service providers can access upfront cash by selling future earnings from subscriptions, invoices, royalties, etc., to those who consume their content. By minting NFTs that represent future and outstanding invoices and fees to be sold at a discount on the platform’s marketplace, the businesses have a firmer control over their funding needs and can quickly raise upfront cash.
The unique nature of the evolution of Web3 makes it a bad fit for traditional financiers in most cases. The AI-driven ecosystem uses blockchain, tokenization, and smart contracts to make a more efficient fundraising process possible. $ROE allows Web3 creators to get funds from the space. After a swift 5-day-long Beta phase, $ROE’s stage 1 of its presale phase is presently almost 70% complete.
Disclaimer
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