1 year ago
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The post Elon Musk’s X Gets Money Transmitter Licenses in 7 US States! appeared first on Coinpedia Fintech News
Elon Musk’s social media platform, X, has acquired money transmitter licenses in seven U.S. states, including Rhode Island. The license allows for processing crypto payments and applies to broader payment providers like PayPal or Venmo. Musk may have plans to support payment processing nationwide, similar to Venmo or PayPal. The license is also a requirement for offering crypto services, including exchange and custody businesses. The licenses X has obtained are similar to those held by Western Union and PayPal.
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