CoinVoice has recently reported that Elon Musk confirmed in response to a social media post on podcast giant Joe Rogan's profile featuring a dollar sign icon 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 'everything app'. X Payments LLC has obtained remittance licenses in most states in the U.S. (excluding New York), laying the foundation 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 long-standing support for Dogecoin, the community speculates that this cryptocurrency is likely to be included.
As reported in September, Musk's wholly owned subsidiary X Payments has obtained a money transfer license in Oklahoma, and it has now received money transfer licenses in 37 states in the U.S. It is reported that X Payments aims to seek licensing in all 50 states and hopes to launch payment services across the U.S. later this year. [Original link]
