Elon Musk’s X, formerly Twitter, has successfully obtained a money transmitter license in South Dakota, signaling Musk’s ambitions to reshape Twitter into an expansive “everything app” akin to Tencent’s WeChat.
Musk has consistently highlighted Twitter’s potential to evolve into a significant financial services platform, presenting a potential rival to established entities like PayPal, Square, or Stripe. In October, Musk emphasized that the acquisition of Twitter was a catalyst for the development of X, the all-encompassing app. Here are all the states that have approved transmitter licenses for Musk to get to the next step in rivaling other money-processing platforms:
Arizona
