X Payments

Elon Musk’s plan to introduce payment features on X coming to fruition faster than expected as X (formerly Twitter) received a money transmitter license from Nevada. With the latest license, Nevada has become the 18th U.S. state to grant approval as the company explores offering payment features. 
<h2 id="x-receives-license-in-nevada">X Receives License in Nevada</h2> 
X Payments LLC has been granted a money transmitter license to offer payment services in Nevada state by the Nevada Financial Institutions Division. Elon Musk’s X applied for money transmitter licenses in 32 states and has received 18 licenses for offering payment services on X. 
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Elon Musk and CEO Linda Yaccarino last year unveiled plans to introduce many features including payments/banking services, video and audio calling, dating, etc. on X platform. It is part of making the platform an “everything app” offering users as many services as possible from a single app as part of Musk’s vision of creating a more efficient and interconnected world. 
X recently received a <a href="https://coingape.com/x-payments-now-has-money-transmitter-license-in-utah/" target="_blank" rel="noopener">money-transmitter license</a> from Utah after receiving similar approvals in Wyoming, Rhode Island, Michigan, New Hampshire, and Missouri. CoinGape reported that the Utah Department of Financial Institution (DFI) denied X Payments’ application to conduct related services in 2023. 
Also Read: <a title="FOMC Meeting 2024 Date: What to Expect and Its Impact on Crypto Market" href="https://coingape.com/fomc-meeting-2024-date-what-to-expect-and-its-impact-on-crypto-market/" target="_blank" rel="bookmark noopener">FOMC Meeting 2024 Date — What to Expect and Its Impact on Crypto Market</a> 
<h2 id="x-payments-launch-timeline">X Payments Launch Timeline</h2> 
Despite no confirmation of when payment services will be available on X, <a href="https://coingape.com/web-stories/elon-musk-xs-money-transfer-licenses-expected-by-mid-2024/" target="_blank" rel="noopener">Elon Musk</a> expects that payment features need to go live by mid-2024. He revealed it during a recent discussion with Ark Invest CEO Cathie Wood, raising speculations about the much-needed feature on X. 
Payments on X are deemed important for Dogecoin integration on X for payments. Dogecoin’s fan Elon Musk has hinted at the integration many times after taking over the social media platform in October 2022. 
<a href="https://coingape.com/price/dogecoin" target="_blank" rel="noopener">DOGE price</a> is currently trading at $0.080, down 2% in the past 24 hours. The 24-hour low and high are $0.0802 and $0.0828, respectively. Furthermore, the trading volume has increased by 20% in the last 24 hours, indicating a rise in interest among traders. 
Also Read: <a title="5 Reasons Why Solana (SOL) Price Skyrocketing Daily" href="https://coingape.com/5-reasons-why-solana-sol-price-skyrocketing-daily/" target="_blank" rel="bookmark noopener">5 Reasons Why Solana (SOL) Price Skyrocketing Daily</a> 
The post <a href="https://coingape.com/elon-musk-x-gets-money-transmitter-license-in-nevada/">Breaking: Elon Musk’s X Gets Money Transmitter License In Nevada For X Payments</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Breaking: Elon Musk’s X Gets Money Transmitter License In Nevada For X Payments

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