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While speaking at the Morgan Stanley technology, media and
telecom conference, Musk also said X could receive its license
in California in the next month or so, while getting the New
York approval could be "a few months away".
Since acquiring the company formerly known as Twitter in 2022,
the billionaire has sought to turn it into an "everything app"
like Tencent's dominant WeChat app in China, with features
beyond social media, including the ability to send money to
other X users.
To offer services across the U.S., experts say X will need a
money transmitter license in each state, and Musk has previously
said that approval in New York and California would be the most
consequential. Those populous states are also known for
relatively lengthy approval processes.
Some other states including Pennsylvania and Utah have already
granted money transmitter licenses to X.
During the conference, the billionaire who also runs Tesla and
SpaceX said X was considering removing the number of likes and
reposts that are currently visible on each post.
The information could visually clutter content on the platform,
he said.
(Reporting by Krystal Hu and Sheila Dang; Editing by Sandra
Maler and Jamie Freed)
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