Dynamite News
Elon Musk says social media platform X may begin financial service by mid-2024
“We’re just waiting for the final approvals to come through for the money transfer licenses,” Musk said. Read further on Dynamite News:
Washington: Entrepreneur Elon Musk said that his social media platform X may begin service as a financial platform by mid-2024, pending approval of licenses.
“We’re just waiting for the final approvals to come through for the money transfer licenses,” Musk said on Thursday during a live conversation via X.
“I think we’ll probably get our approvals early next year… I would be surprised if it takes us longer than the middle of next year to roll out payments,” he added.
The platform obtained licenses in a majority of states, but the effort is “irrelevant” until California and New York approve licenses, Musk said. (with Agency inputs)