X Corp's X Payments Advances Towards U.S. Money Transmitter Vision
Tuesday, 23 April 2024, 10:37
X Corp's X Payments Advances Towards U.S. Money Transmitter Vision
X Corp's X Payments, a subsidiary of X Corp, has secured money transmitter license approvals in half of the U.S. states, showcasing progress towards its financial 'end goal.' The company aims to offer features like gaining interest, making online payments, and purchasing products similar to Apple Pay.
Key Steps for X Payments 'End Goal' in the U.S.
- Obtain licenses in remaining states, focusing on California and New York
- Enhance technological infrastructure for secure transactions
- Create compelling value proposition with competitive fees and unique features
- Implement aggressive marketing campaign targeting users and merchants
The rise of self-custody cryptocurrencies' popularity may pose challenges to X Payments' monetary goals, as it strives to enable seamless financial transactions within its ecosystem.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.