{"id":1197090,"date":"2023-10-27T11:34:29","date_gmt":"2023-10-27T15:34:29","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1197090"},"modified":"2023-10-27T11:34:29","modified_gmt":"2023-10-27T15:34:29","slug":"elon-musk-wants-your-entire-financial-life-on-x-by-2024","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1197090","title":{"rendered":"Elon Musk wants your \u201centire financial life\u201d on X by 2024"},"content":{"rendered":"
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\n \"Elon<\/p>\n

Enlarge<\/a> (credit: MANDEL NGAN \/ Contributor | AFP<\/a>)<\/p>\n<\/figure>\n

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One year into Elon Musk’s ownership of X, the finances of the platform formerly known as Twitter remain shaky<\/a>. But the ongoing money troubles haven’t stopped Musk from forging ahead with his plan to turn X into a bank<\/a>, a move he said last November would be key to\u00a0helping the platform avoid bankruptcy<\/a>. On an earnings call yesterday, Musk told X employees that he predicts X’s payments system will launch by the end of 2024, The Verge reported<\/a>.<\/p>\n

\u201cIt would blow my mind if we don\u2019t have that rolled out by the end of next year,\u201d Musk said, confirming that \u201cwhen I say payments, I actually mean someone\u2019s entire financial life. If it involves money, it\u2019ll be on our platform. Money or securities or whatever. So it\u2019s not just like ‘send $20 to my friend.’ I\u2019m talking about, like, you won\u2019t need a bank account.\u201d<\/p>\n

In January, Musk took his first steps toward this ambitious goal by registering<\/a> Twitter Payments LLC with the US Treasury Department\u2019s Financial Crimes Enforcement Network. This was a necessary step for Twitter to start transmitting money between users in all states and US territories, and according to The Verge, Musk confirmed that he expects to get the rest of the money-transmitting licenses “in the next few months.”<\/p>\n<\/div>\n

Read 14 remaining paragraphs<\/a> | Comments<\/a><\/p>\n


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\nSource: Ars Technica – Elon Musk wants your \u201centire financial life\u201d on X by 2024<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Enlarge (credit: MANDEL NGAN \/ Contributor | AFP) One year into Elon Musk’s ownership of X, the finances of the platform formerly known as Twitter remain shaky. But the ongoing money troubles haven’t stopped Musk from forging ahead with his … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1197091,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1197090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1197090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1197090"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1197090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1197091"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1197090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1197090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1197090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}