Elon Musk’s latest plot to access your wallet involves—quite literally—becoming one. New details have emerged of Musk’s plans to launch the payments network “X Payments” later this year, according to 350 pages of documents and emails related to money transmitter licenses, submitted to regulators in 11 states, obtained by Bloomberg.
But despite Musk’s reputation as Big Tech’s closest cryptocurrency ally, Crypto Twitter enthusiasts won’t be able to store their digital assets in an X wallet. The company told regulators in Maine this year that it has no plans to let users send and receive virtual currencies, Bloomberg reported. Social media platforms have historically had a tough time incorporating crypto: In 2019, Facebook announced plans to launch the Diem stablecoin, but was shut down by regulators within a year of its pilot.
