![]() ![]() However, Musk has previously spoken about his plans to morph X into a payments platform, having earlier detailed his vision for the future of the company shortly after the acquisition. “Progress,” was Musk’s only comment on the new registrations. Image Credits: Screenshot of NMLS database Now, the database is showing the most recent additions, as well. The Street’s reporting indicated the company had only been registered in 10 states, according to the Nationwide Multistate Licensing System’s database. Musk confirmed the additions in a post on X, in response to an article by The Street which noted the November 27 addition of South Dakota. ![]() (The name of the license may vary, but all would allow X to process payments or move money in the state.) The registrations are associated with a business named “X Payments LLC,” formerly “Twitter Payments LLC,” which will operate the money transfer operations at X. All of the states were licensed this year, starting with New Hampshire on June 29.Īrizona, Michigan and Missouri were added in July followed by Georgia, Maryland and Rhode Island in August, and Iowa and Mississippi in September. The other states where the company had previously been granted a money transmitter license include Arizona, Georgia, Iowa, Maryland, Michigan, Mississippi, Missouri, New Hampshire and Rhode Island. states of South Dakota (on November 27), Kansas (on November 28) and Wyoming (on November 30), bringing the total number of states where the company is allowed to engage in money transfers to 12. The company in late November was granted three additional money transmitter licenses in the U.S. Elon Musk is moving forward with his plans to turn the company formerly known as Twitter, now called X, into an “everything app” that includes its own payments system.
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