X, formerly Twitter, secures its 15th money-transmitter license, paving the way for new payment features\u060c<\/p>\n
X (formerly Twitter) has been going unnoticed for some time now, with occasional incidents in the news, as when it has given a price reduction to verified companies or forgot to pay millions of bonuses (oops, this happens) . However, it now appears that the social media platform is poised to bring Elon Musk's dream of becoming “the app for everything” to life. Reuters<\/a><\/span>, X has obtained a money transfer license from Utah, becoming the 15th US state to give the green light as the company explores the possibility of offering payment features. This license allows X to function like PayPal's Venmo, facilitating money transfers and potentially allowing users to send money to each other.<\/p>\n Since taking over Twitter in October 2022, Musk has been on a mission to transform the platform into an “app<\/a> for everything”, similar to the popular Chinese app WeChat. WeChat not only allows users to send messages, but also enables functions such as hailing a taxi and making payments to merchants. <\/p>\n In keeping with Elon Musk's vision, X obtained its initial money transporter license in New Hampshire in June 2023. The approval streak continued with nods from Pennsylvania, Arizona , Georgia, Maryland and Michigan. <\/p>\n X is still awaiting approval from several other states, including California, New York and Texas. The end goal is to obtain licenses in all 50 states, giving X the green light to offer money transactions to users nationwide. “We want money on X to flow as freely as information and conversations<\/span>“, Linda Yoccarino, CEO of X, once said. <\/p>\n Getting into payments could be a way for X to spice things up beyond just digital ads, especially after taking a hit under Musk's reign. Some big advertisers, including Apple, have hit the pause button or said goodbye to the platform. For what? Well, the fact that Musk agreed with an X user who floated an anti-Semitic conspiracy theory last year might have something to do with it.<\/p>\n After Twitter transitioned to X under Musk's ownership, a series<\/a> of changes were made, bringing many new features. In the first year since Musk's takeover, we've seen longer posts, the inclusion of video<\/a> and audio calls, the launch of various new premium subscriptions, and much more.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" X, formerly Twitter, secures its 15th money-transmitter license, paving the way for new payment features\u060c X (formerly Twitter) has been going unnoticed for some time now, with occasional incidents in the news, as when it has given a price reduction to verified companies or forgot to pay millions of bonuses (oops, this happens) . However, […]<\/p>\n","protected":false},"author":1,"featured_media":20004,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8874,51,2615,9246,9247,6965,3365,2941],"class_list":["post-20003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-15th","tag-features","tag-license","tag-moneytransmitter","tag-paving","tag-payment","tag-secures","tag-twitter"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/20003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20003"}],"version-history":[{"count":1,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/20003\/revisions"}],"predecessor-version":[{"id":20005,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/20003\/revisions\/20005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/media\/20004"}],"wp:attachment":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}