Elon Musk and X Payments, an integral part of its social network X, has taken a step forward by obtaining licenses for money transfer activities in three key US states. The approvals, granted on March 20 by regulators in Illinois, New Mexico and Oregon, highlight the expansion of Musk’s digital platform with functionality not just limited to Twitter.
This success expands X Payments’ operational footprint to existing licenses in 19 states, including Georgia, Arizona and Ohio. completing. This move is in line with Musk’s goal of turning X into a super app that can seamlessly facilitate a variety of financial transactions.
NEWS: X Payments receives 3 more licenses including Illinois, New Mexico and Oregon. pic.twitter.com/wIMhhFPCwd
— X News Daily (@xDaily) March 21, 2024
NEWS CONTINUES BELOW
The licensing process for X Payments, specifically dogecoin It has revived speculation about the integration of cryptocurrencies into the social network. Although Elon Musk has ruled out the issuance of company tokens, speculation continues within the cryptocurrency community regarding possible collaborations regarding Dogecoin and other digital assets on the platform. The acquisition of new licenses further intensifies discussions regarding the integration of cryptocurrencies into X’s ecosystem.
Each licensing phase represents a step towards realizing Elon Musk’s digital empire vision. Each regulatory milestone strengthens X’s position as a solid player in social networking, technology and finance.
As regulatory approvals pave the way for broader functionality and potential collaborations, interests from various industries are closely following developments in the billionaire’s technological ventures.
