Elon Musk confirms X is preparing to launch a remittance feature in its X Payments service

Odaily News Elon Musk confirmed in response to a social media post showing a dollar sign icon on podcast giant Joe Rogan's profile that X is preparing to launch a remittance feature in its X Payments service. The feature is part of Musk's strategy to transform X into a "everything app" similar to WeChat. X Payments LLC has obtained remittance licenses in most states in the United States (except New York), laying the foundation for integrating payment services on the platform. The planned peer-to-peer transaction function is designed to increase user engagement by enabling direct remittances within the platform. Although details about potential crypto asset integration have not been confirmed, given Musk's long-standing support for Dogecoin, the community speculates that the cryptocurrency is expected to be included. Earlier in September, it was reported that X Payments, a wholly-owned subsidiary of Musk's X, obtained a money transmission license in Oklahoma, and it has so far obtained money transmission licenses in 37 states in the United States. It is reported that X Payments aims to seek licenses in all 50 states in the United States and hopes to launch payment services across the United States later this year.