Over the last year, the firm has busy applying for payment processing licenses, securing the vital approval in 13 US states by December. In a blog outlining plans for 2024, X says: "We will launch peer-to-peer payments, unlocking more user utility and new opportunities for commerce, and showcasing the power of living more of your life in one place."The plan is less ambitious than X owner Elon Musk’s boast in October that he wants the platform to manage users’ "entire financial life" so that they "won’t need a bank account" by the end of 2024.At an all hands call with employees, audio of which was obtained by the Verge, Musk then said: "When I say payments, I actually mean someone’s entire financial life.""If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account."