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X Acquires Money Transmitter Licenses in 25 US States, Boosts Creator Monetization

Apr 22, 2024, 06:24 PM

X has successfully acquired money transmitter licenses in 25 U.S. states, including Tennessee, Iowa, Ohio, Utah, Florida, Kansas, Oregon, Virginia, Nevada, Arizona, Georgia, Missouri, Michigan, Wyoming, Arkansas, Maryland, Nebraska, and Louisiana. This development marks a significant step for the platform, enabling monetization opportunities for its creators. X now positions itself as a potential major player in the digital payments space, akin to existing services like PayPal. The platform's new capabilities allow creators not just to receive tips but also to manage funds directly through their X Wallet.