Elon Musk’s social media platform X, formerly known as Twitter, was granted a money-transmitter license from Utah,” the 15th U.S. state to grant approval as the company explores offering payment features,” reports Reuters. Utah granted the approval on Friday, according to the Nationwide Multistate Licensing System & Registry, added the story. This gives X functionality like PayPal’s (PYPL) Venmo, “to facilitate money transfers and makes way for the company to allow users to send money to one another,” added the story.Other publicly traded digital payments stocks include Visa (V), Mastercard Incorporated (MA), PayPal Holdings, Block (SQ) .
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