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Elon Musk's X Receives Money Transmitter License in Utah

Jan 15 (Reuters) - Elon Musk's social media platform X, formerly known as Twitter, on Monday received a money-transmitter license from Utah, the 15th U.S. state to grant approval as the company explor

Elon Musk's X Receives Money Transmitter License in Utah

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Speaking at a New York Times DealBook event later that month, the billionaire CEO made a profane comment about brands that had suspended their ads on X.</p><p>Since acquiring Twitter in October 2022, Musk has said he envisions remodeling the company into the purveyor of an &#34;everything app&#34; similar to popular Chinese app WeChat, which lets users send messages but also hail a taxi or pay merchants.</p><p>The company received its first state money-transmitter license in New Hampshire in June last year and also got approved by Pennsylvania, Arizona, Georgia, Maryland and Michigan.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk's X Receives Money Transmitter License in Utah</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk's X Receives Money Transmitter License in Utah\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-01-16 18:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Elon Musk&#39;s social media platform X, formerly known as <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>, on Monday received a money-transmitter license from Utah, the 15th U.S. state to grant approval as the company explores offering payment features.</p><p>Utah granted the approval on Friday, according to the Nationwide Multistate Licensing System &amp; Registry, an online database.</p><p>It grants the company the ability similar to <a href=\"https://laohu8.com/S/PYPL\">PayPal</a>&#39;s Venmo, to facilitate money transfers and makes way for the company to allow users to send money to one another.</p><p>PayPal shares dipped 2% on the news in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1ca475957710d94f161ede7aa728c4c\" tg-width=\"854\" tg-height=\"828\"/></p><p>The push into payments could help X diversify its business beyond digital advertising, which has suffered setbacks since Musk took ownership.</p><p>Some major advertisers paused their spending or fled the platform after Musk last year agreed with an X user who espoused an antisemitic conspiracy theory. Speaking at a New York Times DealBook event later that month, the billionaire CEO made a profane comment about brands that had suspended their ads on X.</p><p>Since acquiring Twitter in October 2022, Musk has said he envisions remodeling the company into the purveyor of an &#34;everything app&#34; similar to popular Chinese app WeChat, which lets users send messages but also hail a taxi or pay merchants.</p><p>The company received its first state money-transmitter license in New Hampshire in June last year and also got approved by Pennsylvania, Arizona, Georgia, Maryland and Michigan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4227":"交易和支付处理服务","BK4533":"AQR资本管理(全球第二大对冲基金)","TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4566":"资本集团","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4508":"社交媒体","BK4527":"明星科技股","BK4077":"互动媒体与服务","LU1861217088.USD":"贝莱德金融科技A2","BK4579":"人工智能","BK4588":"碎股","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4551":"寇图资本持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","BK4581":"高盛持仓","PYPL":"PayPal","BK4516":"特朗普概念","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念","TSLQ":"AXS做空特斯拉ETF","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2403027273","content_text":"Elon Musk's social media platform X, formerly known as Twitter, on Monday received a money-transmitter license from Utah, the 15th U.S. state to grant approval as the company explores offering payment features.Utah granted the approval on Friday, according to the Nationwide Multistate Licensing System & Registry, an online database.It grants the company the ability similar to PayPal's Venmo, to facilitate money transfers and makes way for the company to allow users to send money to one another.PayPal shares dipped 2% on the news in premarket trading.The push into payments could help X diversify its business beyond digital advertising, which has suffered setbacks since Musk took ownership.Some major advertisers paused their spending or fled the platform after Musk last year agreed with an X user who espoused an antisemitic conspiracy theory. Speaking at a New York Times DealBook event later that month, the billionaire CEO made a profane comment about brands that had suspended their ads on X.Since acquiring Twitter in October 2022, Musk has said he envisions remodeling the company into the purveyor of an \"everything app\" similar to popular Chinese app WeChat, which lets users send messages but also hail a taxi or pay merchants.The company received its first state money-transmitter license in New Hampshire in June last year and also got approved by Pennsylvania, Arizona, Georgia, Maryland and Michigan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}