An “X Payments” account was spotted on the social media platform on January 19 as Elon Musk’s company continues to obtain money transmission licenses across the United States.
Although it is not confirmed, the development It would likely align with Musk's vision for X, which he has repeatedly touted as a nexus for global financial activities since its $44 billion acquisition in 2022.
crypto analysts and speculators have noted that digital assets are part of these plans, although Musk has noted that fiat transactions will primarily control engineering resources.
<img decoding="async" width="806" height="652" src="https://crypto.news/app/uploads/2024/01/Screenshot-193.png” alt=”x”/>
The platform has already applied for several money transmission licenses and received approval in some states, such as Utah. Musk's social giant also partnered with the eToro exchange to allow cryptocurrency and stock trading from the app.
Meanwhile, X is reverting some web3 features as crypto.news previously reported. The nft profile photos introduced shortly after Musk acquired the company have been scrapped and the option to upload blockchain-based digital collectibles no longer works.
