IT Home reported on March 7 that billionaire Elon Musk said on Wednesday Eastern time that his social ** platform X (formerly Twitter) may "soon" obtain a payment license (currency transfer license) from New York State, which brings the platform one step closer to providing payment functions.
According to Reuters, Musk said at the Morgan Stanley Technology,** and Telecom conference that X will probably get a payment license in California "next month", while it may still take months to get a license in New York.
Musk has previously said that payment licenses in California and New York are "the most important" because of their large populations and relatively lengthy approval processes.
As of 2022, California has a population of about 39.19 million, ranking first in the United States; As of 2019, New York State has a population of approximately 19.45 million people, the fourth largest in the United States.
Reuters quoted experts as saying that if the X platform wants to provide services across the United States, it needs to obtain a currency transfer license in each state. According to a report by IT House in December last year, Musk said that Platform X (Twitter) is expected to receive final approval for the launch of payment functions by the middle of this year. As of January of this year, 15 states in the U.S. have approved x explore the ability to offer payments to users.
In fact, since acquiring Twitter in October 2022, Musk has repeatedly mentioned the desire to make this platform a "universal app" similar to WeChat used by Chinese, which can not only allow users to chat and swipe**, but also take a taxi or pay merchants.