Coinbase CEO calls for X platform to adopt USDC for payment integration

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 29th, Armstrong proposed that USDC payment would be a valuable addition to the platform and called on the X team to explore the implementation of this feature. Prior to this public call, Travis Bloom, the Chief Engineer of Coinbase, had also made similar suggestions, curious about when X's owner Musk would implement the function of users sending and receiving USDC on the Base network Market observers point out that implementing such functionality aligns with X's broader vision of introducing payment systems and transforming social media platforms into a 'universal application'. In January of this year, X announced plans to launch a peer-to-peer payment service similar to PayPal. Although the details regarding whether the currency used for this service is legal tender or cryptocurrency are still unclear, the platform has not yet launched the plan. However, X has made significant progress in obtaining currency transfer licenses across the United States. Its subsidiary X Payments has currently obtained licenses in 33 states, including California, Illinois, and Virginia.