Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Dynamite News
Dynamite News
World
DN Bureau

Elon Musk says social media platform X may begin financial service by mid-2024

Elon Musk

Washington: Entrepreneur Elon Musk said that his social media platform X may begin service as a financial platform by mid-2024, pending approval of licenses.

“We’re just waiting for the final approvals to come through for the money transfer licenses,” Musk said on Thursday during a live conversation via X.

“I think we’ll probably get our approvals early next year… I would be surprised if it takes us longer than the middle of next year to roll out payments,” he added.

The platform obtained licenses in a majority of states, but the effort is “irrelevant” until California and New York approve licenses, Musk said. (with Agency inputs)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.