Elon Musk’s X Partners with Visa for New Payment Services

Science & Technology Science

Posted by NewAdmin on 2025-01-29 09:40:36 |

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Elon Musk's X (formerly Twitter) has made major strides in transforming itself into an all-encompassing platform that extends beyond social media into financial services. The company has partnered with Visa to enable a new peer-to-peer payment service, directly competing with other payment platforms like PayPal. X's ambitious plans include offering users the ability to send and receive money, making it more of a financial hub alongside its social media features.
As part of this transformation, X has also received a money transmitter license in 25 U.S. states as of early 2024. The licenses are critical for X to offer services similar to PayPal or Apple Pay. The most recent states to approve the license include Nevada and Tennessee, with Musk noting that licenses from larger states like New York and California are on the horizon.
This move is part of Musk's long-term vision to turn X into a "super app" akin to China’s WeChat, which allows users to chat, shop, pay bills, and more. The expansion into payments could also pave the way for cryptocurrency integration, particularly Dogecoin, which Musk has been an advocate for ,​While the payment services are still in development, the licenses from key states represent a major leap forward for Musk's plans, potentially reshaping how users interact with the platform. Once fully operational, X will be able to process payments and provide financial services across the United States​

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