The social media platform X, previously recognized as Twitter and owned by Elon Musk, has been granted a license to handle payment services as a money transmitter in the state of Nevada. Earlier in the year, the company declared its intention to introduce a payment service for individuals to transact directly with one another, akin to services like Venmo or PayPal. Musk aims to revamp X by incorporating a payment service, envisioning it as a comprehensive ‘everything app’. A recent blog post by X has indicated that the forthcoming payment function strives to enhance user convenience and create fresh possibilities for commercial activities. Related Article: Elon Musk is Contemplating the Use of Bitcoin on Mars. X has not provided a formal schedule for the launch of the new payment system. During an X-Space panel featuring Cathie Wood, Musk mentioned that the service might be launched by the middle of 2024. The recent authorization of a license brings the service nearer to its debut. Public documents indicate that Elon Musk’s X Payments has completed business registration in a minimum of 32 states.