Musk has stated that he plans for X to broaden past social media posts, changing into an ‘everything app,’ and the cash transmitter licenses obtained since June from Arizona, Maryland, Georgia, Michigan, Missouri and New Hampshire point out the tech billionaire might have plans to assist cost processing nationwide just like Venmo or PayPal, an organization he co-founded. The Rhode Island license, whereas important for allowing funds, can also be a requirement for providing crypto providers.