๐ ๐ ๐ Big news for US state Musk's X Installments Gets Cash Move Licenses in 28 US States
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X has received money transmitter licenses from several states, including Pennsylvania, marking the 13th US state to greenlight X's potential entry into the realm of facilitating money transfers.
Elon Musk's vision for X includes enabling users to conduct their entire financial transactions within the platform, akin to popular Chinese app WeChat.
Employees at X have been informed that new features aligning with this vision are expected to be rolled out by the end of the upcoming year.
some recent developments and analysis on X Installments, a subsidiary of Elon Musk - X Installments has secured cash transfer licenses in 28 states in the United States.
The company aims to launch its payment services across the country later this year and is actively pursuing licenses in all 50 states.
X Payments initially intended to introduce its international payment features at the beginning of 2024 but faced administrative obstacles that delayed these plans.
Despite the setbacks, the company is pushing forward with its expansion plans and making progress in its licensing efforts across the United States.
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