An X brand is observed at the best of the headquarters of X, previously referred to as Twitter, in downtown San Francisco, California, July 30, 2023. X gained popularity of a cash transmitter license in Virginia, the seventeenth U.S. state to grant approval. (Carlos Barria, Reuters)
Estimated learn time: Not up to a minuteSAN FRANCISCO — Social media platform X gained popularity of a cash transmitter license in Virginia, the seventeenth U.S. state to grant approval, because the Elon Musk-owned corporate advances efforts towards introducing fee options.The Virginia license permits X to facilitate cash transfers electronically as of Tuesday, in line with the National Multistate Licensing Machine & Registry, a web based database.Musk has mentioned that introducing bills would lend a hand X, previously Twitter, become into an “the entirety app” with services and products past social media. This would come with the facility to ship peer-to-peer bills, he has mentioned.In spite of X often gaining popularity of state cash transmitter licenses, Musk mentioned on Monday that New York and California “take the longest for approval.”Reuters in the past reported that Twitter started the method to use for cash transmitter licenses ahead of Musk’s acquisition, focused on states with more straightforward necessities first ahead of pursuing huge states like New York and California with stricter software processes.States that experience just lately granted cash transmitter licenses to X come with Utah, Florida, Arkansas and Pennsylvania.×Most up-to-date Trade storiesMore tales you can be excited by
