X, formerly known as Twitter, has marked another milestone in its expansion into the financial services sector by obtaining a money transfer license in Nevada, United States. This development comes after X acquired similar licenses in 12 US states in December of the previous year. The acquisition of these licenses signals a significant shift in the company’s strategy under the leadership of Elon Musk, as it navigates new territories beyond its traditional social media domain. The move is indicative of a broader trend where tech giants are increasingly intersecting with financial services, reshaping how users engage with both technology and money.
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