Elon Musk’s X seemingly opens dedicated payments page

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An “X Funds” account was seen on the social media platform on Jan. 19 as Elon Musk’s firm continues to bag cash transmitter licenses throughout america.

Whereas unconfirmed, the development would seemingly align with Musk’s imaginative and prescient for X, which he has repeatedly touted as a nexus for international monetary actions since his $44 billion takeover in 2022. 

Crypto analysts and speculators have pointed to digital belongings being a part of these plans, though Musk has famous that fiat transactions will primarily command engineering sources.

X funds web page | Supply: X

The platform has already filed for a number of money-transmitter licenses and acquired approval in some states, similar to Utah. Musk’s social big additionally teamed up with the alternate eToro to allow crypto and inventory buying and selling from the app. 

In the meantime, X is rolling again some web3 options as crypto.information beforehand reported. NFT profile images launched shortly after Musk acquired the corporate have been scrapped, and the choice to add blockchain-based digital collectibles not works.

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