Elon Musk\'s X Receives Money Transmitter License in Nevada: Payments Platform Takes Shape
Elon Musk\'s planned payment features for X, formerly known as Twitter, have shown rapid progress with X obtaining a money transmitter license from Nevada. This is a significant step as Elon Musk is moving forward with his plans to turn the company formerly known as Twitter, now called X, into an “everything app” that includes its own payments system.
Indeed, the X Payments LLC has been granted a money transmitter license to offer payment services in Nevada state by the Nevada Financial Institutions Division. Coinciding with Elon Musk’s efforts to make the platform an ‘everything app’ X (formerly Twitter) has now received a money transmitter license in 25 states.
Elon Musk’s social media platform, X (previously known as Twitter), has recently acquired a money transmitter license in Nevada. Elon Musk’s X Nevada has granted X Payments LLC a money transmitter license, marking the 18th state in the U.S. to approve the exploration of payment services on the X platform.
X’s acquisition of money transmitter licenses propels it toward a comprehensive payment platform status. Integration of monetization tools empowers content creators and users alike, paving the way for a future where X handles various financial transactions. The Nevada license is a crucial piece of the puzzle as Elon Musk aims to build his "everything app" vision with X.