đ¨Elon Musk confirmed that X is preparing to launch a remittance feature in its X Payments serviceđ¨
Elon Musk confirmed in response to a social media post featuring a dollar sign icon on podcast giant Joe Rogan's profile that X is preparing to launch a remittance feature in its X Payments service.
This feature is part of Musk's strategy to transform X into a WeChat-like "super app." X Payments LLC has obtained remittance licenses in most states in the U.S. (excluding New York), laying the groundwork for integrating payment services on the platform. The planned peer-to-peer transaction feature aims to enhance user engagement by enabling direct remittances within the platform.
While details regarding potential cryptocurrency integration have not been confirmed, given Musk's longstanding support for Dogecoin, the community speculates that this cryptocurrency is likely to be included.
Earlier in September, it was reported that Musk's wholly-owned subsidiary X Payments obtained a money transfer license in Oklahoma, and it has now accumulated money transfer licenses in 37 states across the U.S. Reportedly, X Payments aims to seek licensing in all 50 states and hopes to launch payment services across the U.S. later this year.
