SAN FRANCISCO—X, formerly known as Twitter until July of this year, is becoming a large player in the money transmitter business.
Maryland and Georgia have become the latest states to grant X money transmitter licenses, Payments Dive reported.
Maryland granted a license to X’s subsidiary Twitter Payments in late August, while Georgia granted it a license at the start of the month. The Maryland license was listed in the Nationwide Multistate Licensing System (NMLS).
The latest licenses are in addition to those acquired by X previously in New Hampshire, Missouri, Michigan and Arizona, Payments Dive noted.
“The social media company now has money transmitter licenses in a total of six states, inching X closer to its goal of processing payments nationwide,” Payments Dive said.
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