Elon Musk: Platform X Immediately Get Money Sender Licenses In New York

JAKARTA - Elon Musk announced on Wednesday 6 March that his social media platform, X, is likely to soon get approval for a license to send money in New York. This brings the platform closer to offering payment features.

While speaking at Morgan Stanley's technology, media and telecommunications conferences, Musk also said that X could get his license in California in the next month or more, while getting approval in New York may be "a few months away".

Since acquiring the company formerly known as Twitter in 2022, the billionaire has been trying to turn it into an "Everything" app like Tencent's dominant WeChat app in China, with features outside of social media, including the ability to send money to other X users.

To offer services across the United States, experts say X will need a license to send money in each state, and Musk previously said that approval in New York and California would be the most influential. The densely populated states are also known for their relatively long approval process.

Several other states including Pennsylvania and Utah have granted licenses to send money to X.

During the conference, billionaires who also run Tesla and SpaceX said that X was considering removing the number of likes and reposts currently visible on each post. According to Musk, the information can meet the visual content on the platform.