X (Twitter) could offer payment features as it secures another transmitter license


    What you need to know

    • X (Twitter) has secured its 15th money transmitter license in Utah, which joins other states like Pennsylvania, Georgia, and Maryland.
    • With this license X can legally host money transfers so users can send or receive money on the platform, similar to Paypal’s Venmo.
    • Elon Musk previously stated he wants users to manage their “entire financial life” on X and expects the features to be available “by the end of” 2024.

    X (formerly Twitter) has secured another license that would pave the way for new user-to-user payment options.

    As reported by Reuters, the social media platform X has obtained its 15th money transmitter license from Utah on Monday, January 15 (via PhoneArena). This is wrapped in Elon Musk’s plans to bring money transfer capabilities to the platform, akin to Paypal’s Venmo. This means users on X are in line to receive money transfers, as a result.


    Source link

    Leave a Reply

    Your email address will not be published. Required fields are marked *