Following a software code leak related to the X Money payment system, excitement is building for its potential launch in the US, even without full state approvals.
Code Leak and US Licensing
X has applied for money transmitter licenses for X Payments LLC to operate across the US and has secured approvals in 39 states. The leaked code reveals the message "X Money is not available in your state," leading to speculation that it might launch without all necessary licensing. Alex Finn, a noted American entrepreneur, theorizes that the launch might happen without approval from all states.
Cryptocurrency Support and Community Discussions
X Money may support cryptocurrency due to Elon Musk's openness to digital assets like Bitcoin and Dogecoin. The platform aims to support content creators on X by enabling user tipping. One user responded to Finn noting that creators will earn without stringent regulations. Finn, in discussions, indicated that cryptocurrency will facilitate fast transfers, and may serve as rails for X Payments.
Phased Launch of X Money and Crypto Support
If rumors and speculation prove accurate, the initial launch will occur in 39 states where licensing is secured. Finn stated that states like Alaska, Delaware, and New York wouldn't be supported initially. Elon Musk, a proponent of Bitcoin and Dogecoin, suggests these cryptos could be supported by the platform.
Speculations about the X Money launch continue following confirmation by X CEO Linda Yaccarino that the platform would launch in 2025, though no specific launch date is confirmed yet.
