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  • Writer's pictureJaime González Gasque

X Payments grows in licenses and the former Twitter is getting closer to becoming a payment platform

Elon Musk's desire to build an application at all already has one of its pillars. Elon Musk's project to turn X into a payment application advances, adding new functions to the controversial former Twitter.

It will be given through the X Payme space nts, ​​which for the moment would work within the platform and to which one of the billionaire's favorite memecoins could be added: Dogecoin. Another point, present since January, was the publication on the official blog of and showing the power of living more of your life in one place.” The official X Payments account on X.

But the legal powers that the South African/Canadian/American tycoon has obtained in the United States in recent days to begin his new move represent the most important news for X Payments LLC. Between March 13 and 20, the states of Illinois, New Mexico and Oregon granted money transmission licenses. At the moment, according to NMLS Consumer Access, it has the permit in 22 of the 32 states in which it applied for it. Elon Musk. Credit:Kirsty Wigglesworth/Reuters

The founder of Tesla registered X Payments with the US Treasury's Financial Crimes Enforcement Network as a money services company, in order to start competition with spaces like PayPal. PayPal is precisely one of the companies founded by Musk in the beginning, after the merger of Confinity and

What is X Token?

X Project(X-TOKEN), currently at USD 0.00132 according to CoinMarketCap, without being listed for trading or services in spaces such as Binance. It is not officially an Elon Musk currency and its growth only occurred with the name change of Twitter, but misleading advertisements have been made on the X platform with the tycoon's face and they were not eliminated. By Gonzalo Fracchia

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