X Payments Secures Money Transmission License in 37 States, Aims for Nationwide Coverage

COINOTAG has reported that on September 16, X Payments, a fully owned subsidiary of Musk’s X (formerly known as Twitter), secured a money transmission license in Oklahoma. This latest approval brings X Payments to a total of 37 state licenses across the United States. The company aims to acquire money transmission licenses in all 50 states and is strategizing to debut its payment services nationwide by the end of this year. The concerted effort towards full regulatory compliance underscores the robustness of X Payments’ operational strategy, marking a significant move towards redefining the digital payments landscape in the U.S.