Foresight News reports that 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. 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 yet to be confirmed, given Musk's long-standing support for Dogecoin, the community speculates that this cryptocurrency is likely to be included.
Foresight News previously reported that Musk's wholly-owned subsidiary X Payments obtained a money transfer license in Oklahoma, and to date has accumulated money transfer licenses in 37 states across the U.S.
