Elon Musk, CEO of SpaceX and Tesla and operator of X, previously Twitter, attends a U.S. Senate bipartisan Artificial Intelligence (AI) Perception Discussion board at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.
Stefani Reynolds | AFP | Getty Images
X owner Elon Musk is attempting to produce a upcoming in which X buyers can use the system for their total monetary life, according to a report from The Verge.
Musk explained to employees in a conference Thursday that the strategy is to roll out the function in 2024, reported The Verge’s report, which also quoted CEO Linda Yaccarino as stating that it is a “complete opportunity” in the future calendar calendar year.
“When I say payments, I really imply someone’s entire money daily life,” Musk claimed in the meeting, in accordance to The Verge’s article, citing audio it attained. “If it entails revenue. It’s going to be on our platform. Revenue or securities or whatsoever. So, it is not just like deliver $20 to my pal. I’m conversing about, like, you would not need to have a lender account.”
X is functioning on securing dollars transmission licenses across the U.S., The Verge reported. The organization currently has licenses for income transmission or cash solutions in nine states, in accordance to the Nationwide Mortgage Licensing Method.
Musk’s need to extend X’s fiscal element falls in line with his beforehand laid-out ambition to make X “the all the things application,” introduced when he rebranded the system in July.
