Elon Musk confirms that X is preparing to launch remittance functionality in its X Payments service

According to Foresight News, Elon Musk confirmed in response to a social media post about podcast giant Joe Rogan displaying a dollar sign icon on his profile that X is preparing to launch a remittance feature in its X Payments service. X Payments LLC has obtained remittance licenses in most states in the United States (excluding New York), laying the foundation for integrating payment services on the platform. The planned peer-to-peer trading function aims to increase user engagement by implementing direct remittance within the platform. Although the details regarding the potential integration of cryptocurrency assets have not been confirmed, given Musk's long-standing support for Dogecoin, the community speculates that the cryptocurrency may be included. Foresight News previously reported that X Payments, a wholly-owned subsidiary of Musk, has obtained a currency transfer license from Oklahoma and has accumulated currency transfer licenses from 37 states in the United States so far.