{"id":24387,"date":"2024-01-09T22:30:10","date_gmt":"2024-01-09T22:30:10","guid":{"rendered":"http:\/\/107355986"},"modified":"2024-01-09T22:30:10","modified_gmt":"2024-01-09T22:30:10","slug":"elon-musks-x-to-launch-peer-to-peer-payments-this-year","status":"publish","type":"post","link":"https:\/\/wp.worldtechguide.net\/elon-musks-x-to-launch-peer-to-peer-payments-this-year\/","title":{"rendered":"Elon Musk’s X to launch peer-to-peer payments this year"},"content":{"rendered":"
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Elon Musk \u2014 the CEO of Tesla and SpaceX and owner of X, formerly known as Twitter \u2014 speaks during The New York Times’ annual DealBook summit in New York City, Nov. 29, 2023.<\/p>\n

Michael M. Santiago | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Elon Musk’s<\/span> social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year, according to a Tuesday blog post<\/span>.<\/p>\n

X said the payments will unlock “more user utility and opportunities for commerce” as the platform works to “revolutionize 2024.” The blog post did not offer specific details about how the payments will work or when they will officially launch.<\/p>\n

According to the Nationwide Multistate Licensing System website<\/span>, X Payments LLC \u2014 the payment subsidiary of X \u2014 has only obtained money transmission licenses in 14 states so far.<\/p>\n

Introducing peer-to-peer commerce to the platform would mark the latest sweeping change at X since Musk acquired the company for $44 billion in late 2022. Musk, who is also the CEO of Tesla<\/span>