X Payments LLC, led by Elon Musk, secures a Money Transmitter License in Utah, advancing its digital banking ambitions in the United States.
Despite licenses in multiple states, X Payments hasn’t activated its payment gateway yet, with no confirmed launch date.
 X Payments LLC, a company under the leadership of tech mogul Elon Musk, has successfully obtained the Money Transmitter License from the state of Utah. This license became effective on January 12. This achievement adds Utah to the list of key states where X Payments has secured regulatory approvals, including Wyoming, Rhode Island, Michigan, New Hampshire, and Missouri.
X Payments has sought licensure in Utah several times, and its approval rate is impressive—more than 66%. As recorded in its archives, the Utah Department of Financial Institutions (DFI) had rejected X Payments’ proposal to perform analogous services in 2023; hence, its latest approval represents a significant turning point.
X Payments has obtained these

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