According to BlockBeats, X Payments, a wholly-owned subsidiary of Elon Musk, has obtained money transfer licenses in 28 states across the United States. The company is actively seeking to secure permissions in all 50 states and plans to launch its payment services nationwide later this year.
Documents reveal that X Payments initially intended to roll out its payment features internationally as early as the beginning of 2024. However, these plans were delayed due to regulatory hurdles. Despite these setbacks, the company remains committed to its expansion plans and is making strides in its licensing efforts across the United States.
