Happycoin.club - Journalists gained access to dozens of documents that social network X, banned in Russia, submitted to regulators to register and obtain licenses to make payments. They found out that Elon Musk plans to transform X into a payment application that is in no way inferior to platforms such as Venmo, Cash App or Zelle.
Elon Musk wants X users to be able to store their assets in personal accounts and send them to other clients or companies, and pay through the application for goods and services in regular supermarkets.
Let us remind you that X Payments has already received payment licenses in 28 US states. At the same time, one of the documents indicates that there are no plans to add payments in cryptocurrencies this year.
The company is seeking to be licensed in all 50 states and hopes to launch its payment services in the United States. The email correspondence indicates that the organization is prepared for the multi-year process of obtaining the permits needed to operate across the country.
In addition, Bloomberg journalists found that X Payments will charge small fees for some types of transactions, although payment applications, including Venmo from PayPal (NASDAQ: PYPL), Cash App from Block Inc. and Zelle from JPMorgan Chase & Co. do not charge for peer-to-peer payments.
According to Bloomberg experts, Elon Musk refused to include payments in cryptocurrency in X due to resistance from some regulators and will focus for now on preparing the relevant documents in order to complete the registration procedure as quickly as possible.
