---
title: "Elon Musk is coming with the Payment feature in X soon"  
description: "Elon Musk's X Edges Closer to \"Everything App\" Dream with Money Transfer License"  
author: "Saumya Mishra"  
published: 2023-12-25  
updated: 2023-12-25  
canonical: https://www.mindstick.com/news/3662/elon-musk-is-coming-with-the-payment-feature-in-x-soon  
category: "technology"  
tags: ["money management", "transaction monitoring"]  
reading_time: 2 minutes  

---

# Elon Musk is coming with the Payment feature in X soon

[Elon Musk](https://www.mindstick.com/blog/303337/elon-musk-on-ai-and-employment-is-no-job-needed-right-or-wrong)'s vision for X, formerly Twitter, as an all-encompassing "**everything app**" is gaining momentum. The platform recently secured a crucial money-transmitter license in Pennsylvania, marking a significant step towards offering [financial services](https://www.mindstick.com/articles/44435/video-marketing-reshaping-the-banking-financial-services-industry-at-its-best) and becoming a one-stop shop for users' digital lives.

## Key Highlights:

- **X obtains 13th money-transmitter license in the US, paving the way for payment features.**
- **Users could soon send money to each other within X, similar to Venmo.**
- **Musk's long-term goal: X will handle users' entire financial lives by 2024.**

## Detailed [News](https://www.mindstick.com/developersection/news):

**License Unlocked:** The newly acquired license in Pennsylvania empowers X to facilitate money transfers within its platform, a major leap toward Musk's financial ambitions. This brings the total number of US states where X holds such licenses to 13.

**Venmo-like [Functionality](https://www.mindstick.com/blog/136/using-watermark-functionality-in-textbox-by-jquery):** Similar to popular peer-to-peer payment platforms like **Venmo, X** users could soon be sending and receiving money directly through the app. This feature adds to X's existing [capabilities](https://www.mindstick.com/interview/490/explain-the-concepts-and-capabilities-of-assembly-in-dot-net) like shopping and news [aggregation](https://www.mindstick.com/forum/217/what-is-aggregation-and-how-it-maps-into-a-java-class), further solidifying its potential as a digital hub.

**Beyond Sending Money:** Musk's aspirations extend far beyond simple money transfers. He envisions [X](https://yourviews.mindstick.com/view/tags/x) becoming the ultimate financial tool, handling everything from bank accounts and investments to securities and more. His internal meeting audio leaked to The Verge revealed his ambition for X to replace bank accounts entirely by the end of 2024.

**PayPal Comparisons:** Interestingly, Musk described [PayPal](https://www.mindstick.com/articles/332465/how-to-create-an-account-on-paypal) as an "incomplete" product compared to his vision for X. While acknowledging its success, he believes X will offer a more [comprehensive](https://www.mindstick.com/articles/23461/a-comprehensive-guide-on-luggage-bags-and-cases) and streamlined financial experience for users.

![Elon Musk is coming with the Payment feature in X soon](https://www.mindstick.com/usernews/655071/9a5d730f-f631-4e80-ab17-7d277b12150f/images/ca3baffe-4d7c-47ff-99b5-93c1751e7950.jpg)

**The Future of X:** With the Pennsylvania license and Musk's unwavering conviction, the possibility of X transforming into a comprehensive financial platform seems closer than ever. Whether X can truly [replace traditional](https://answers.mindstick.com/qa/114569/can-vr-and-ar-replace-traditional-education-methods) banking remains to be seen, but its evolution into a multifaceted "everything app" is certainly on the horizon.

---

Original Source: https://www.mindstick.com/news/3662/elon-musk-is-coming-with-the-payment-feature-in-x-soon

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