Elon Musk’s social media platform, formerly known as Twitter, has obtained payments licenses from several U.S. states in recent months. This includes a currency transmitter license in Rhode Island, which is essential for offering crypto services. Musk has hinted at supporting crypto on the platform, and the licenses allow for broader payments services to be offered. He has said that he plans for the platform to expand beyond social media posts, to eventually become an ‘everything app.’ The money transmitter licenses obtained from Arizona, Maryland, Georgia, Michigan, Missouri and New Hampshire indicate that Musk may have plans to support payment processing nationwide similar to Venmo or PayPal, a company he co-founded.

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Information	Details
Geography	North America
Countries	🇺🇸 🇬🇪
Sentiment	neutral
Relevance Score	8
People	Venmo, PayPal, Missouri, Elon Musk, Michigan
Companies	Rhode Island, Venmo, Georgia, PayPal, Maryland, Missouri, New Hampshire, Arizona, Michigan
Currencies	Ethereum, US Dollar, Dogecoin, Bitcoin
Securities	None