Elon Musk says X will launch payment services by mid-2024

Elon Musk’s ‘everything app’ X is expected to launch in-app payment services on its social media platform around mid-2024, though crypto integration now seems only a remote possibility.

Speaking to ARK Invest’s Cathie Wood in a Dec. 21 X space, Musk said he expects payment services to be fully launched sometime by the “middle of next year,” pending the approval of several money transmitter license applications.

Musk said he’d hoped to have launched payments on the social media platform sooner but had been weighed down by bureaucratic processes.

Musk said that he wasn’t aware of any potential “showstoppers” that might see their money transmitter license applications rejected, adding that X had been “a bit late” in submitting all the necessary documents.

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Dec-22-2023 10:15:11 AM