Documents show how Musk’s X plans to become the next Venmo

State license applications give new insight into the company’s plans, as well as its financial woes during the Elon era

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A major plank of Elon Musk’s plan for expanding X into an “everything app” has been grafting a payments network onto its main social networking service. The details of this project have remained blurry, but dozens of documents the company has submitted to state regulators — which have not previously been made public — give a new view of the business. Those plans include a Venmo-like payments feature that will let users store money on their X accounts, pay other users or businesses, and even buy goods and services in physical stores.

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