Elon Musk’s X Everything App to Roll Out Payment Service Mid-2024

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Elon Musk's "everything app," X (formerly Twitter), is set to launch in-app payment services by mid-2024, as revealed in a conversation with ARK Invest's Cathie Wood. Musk anticipates a full rollout next year, contingent on money transmitter license approvals. Despite bureaucratic delays, Musk remains optimistic, expressing no awareness of potential issues with the license applications. While crypto enthusiasts hoped for integration of Musk's favored cryptocurrencies like Dogecoin and Bitcoin, the Tesla CEO has shown diminished interest in the crypto space, stating he spends "hardly any" time thinking about digital assets. Despite this, Tesla retains $148 million in Bitcoin on its balance sheet, and the company accepts Dogecoin for merchandise purchases.

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