Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

X Platform Gets Virginia’s Payment Nod

January 18, 2024
Reading Time: 2 mins read
in News

The state of Virginia has granted approval to Elon Musk’s X messaging platform, allowing it to process electronic payments. This significant milestone positions Virginia as the 17th state in the US to give the green light for money transmitter licenses to X. The approval, effective from Tuesday, January 16th, according to the Nationwide Multistate Licensing System & Registry, marks a crucial step in Musk’s grand vision of transforming X into an all-encompassing “everything” app.

Joining the ranks, the state of Utah has also recently approved X for a transmitter license, reinforcing the platform’s nationwide progression. Elon Musk has emphasized that incorporating payment features is key to X’s evolution beyond its origins as Twitter, envisioning it as a versatile platform offering services beyond social media. Despite these achievements, Musk noted that New York and California present more significant challenges in the approval process, acknowledging their lengthier timelines.

This strategic move by Musk aligns with the platform’s pre-acquisition groundwork when Twitter initiated the process of applying for money transmitter licenses. The approach involved targeting states with more lenient requirements first, before pursuing approvals in more stringent states like New York and California. The recent approvals in Virginia and Utah, alongside previous nods from states including Florida, Arkansas, and Pennsylvania, highlight X’s persistent efforts and growing success in gaining recognition for its innovative payment features. The platform is steadily advancing toward Musk’s ambitious goal of making X an integral part of users’ daily lives through its diverse range of services.

Reference:
  • Musk’s X approved for Virginia money transmitter license
Tags: Cyber NewsCyber News 2024CybercriminalCybersecurityJanuary 2024Musk'PhishingX
ADVERTISEMENT

Related Posts

Smishing targets routers in Belgium 2025

Georgia Tech Pays 875,000 In Cyber Fraud

October 3, 2025
Hackers Claim Deletion Of Nursery Data

IoT Routers Used In Targeted In SMS Phishing

October 3, 2025
Hackers Claim Deletion Of Nursery Data

Hackers Claim Deletion Of Nursery Data

October 3, 2025
Smishing targets routers in Belgium 2025

Google Drive Gains AI Ransomware Guard

October 2, 2025
Smishing targets routers in Belgium 2025

Descope Raises 35M In Seed Extension

October 2, 2025
Smishing targets routers in Belgium 2025

Sendit Sued By FTC Over Kids Data

October 2, 2025

Latest Alerts

Facebook Scams Target Seniors With Malware

Android Spyware Poses As Signal And Totok

Chrome Update Fixes 21 Security Flaws

Outlook Bug Causes Repeated Crashes

Smishing targets routers in Belgium 2025

MatrixPDF Toolkit Turns PDFs Into Lures

Subscribe to our newsletter

    Latest Incidents

    Hackers Target Oracle Apps For Extortion

    Hospital Cyberattack Leaks Patient Data

    UK Renault Dacia Customer Data Stolen

    Allianz Life July Breach Hits 1.5M

    Dealership Software Breach Hits 766k

    Suffolk Website Down After Cyber-Attack

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial