Elon Musk’s Payment Services Delayed: Will Cryptocurrency be Included?

16 views 4:12 am 0 Comments January 6, 2024

Elon Musk plans to deploy payment services by mid-2024, with bureaucratic procedures being the main reason for the delay. There is no confirmation yet on whether cryptocurrency will be included in the platform.

Elon Musk announced his intention to launch payment services on his X platform by the middle of next year. However, bureaucratic procedures have caused delays in the feature going live. Musk mentioned that the required paperwork was submitted late, but he is not aware of any issues that would prevent their money transmitter license applications from being approved.

  • Musk plans to deploy payment services on his X platform by mid-2024.
  • Bureaucratic procedures have caused delays in the feature going live.
  • There is no confirmation on whether cryptocurrency will be included in the platform.
  • Musk has expressed minimal interest in digital assets and focuses more on fiat currency.

Elon Musk aims to introduce payment services on his X platform by mid-2024, but bureaucratic procedures have caused delays. While there is no confirmation on cryptocurrency inclusion, Musk has expressed limited interest in digital assets and emphasizes the importance of fiat currency.

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