Elon Musk’s journey to make X, formerly Twitter, the ultimate super app continues as it secures a licence to integrate payments into its platform.
In brief:
-X now has a total of seven currency transmitter licenses across the US
-The upcoming plans for X in terms of payments features only include support for fiat currencies, but will reportedly expand to include crypto in the future
-The licence allows the social media platform to custody, transfer and exchange digital currencies
What does this mean?
Last November Musk told employees that he eventually wants the platform to offer a whole range of bank-related products, including debit cards, loans and, archaically, cheques.
