Musk’s X Has Boosted Its List of Processing Licenses to 12

In late November, X, the company formerly known as Twitter, acquired three more money transmitter licenses for Kansas, South Dakota, and Wyoming, bringing its licensure total to 12 states for payments processing. This follows Musk’s efforts to transform X into a payments platform where users can access checks, debit cards, high-yield money market accounts, and loan services, […]

Don’t count on bitcoin, gold or the Fed

It’s already been a heck of a week for alternative assets, as gold and bitcoin surge. But analysts are cautioning investors to be wary of rushing in. All that glitters, after all, isn’t gold. What’s happening: The price of bitcoin surged past $44,000 early on Wednesday. It hasn’t been close to this level since spring 2022. That’s […]

Mastercard and MDP form alliance for digital payments in MENA

Mastercard and MDP have announced a partnership to transform the payments landscape for banks and non-FIs in the Middle East and Africa region. This collaboration aims to revolutionize the way payments are processed and services are delivered, creating a more robust and efficient ecosystem for various stakeholders. Mastercard, renowned for its innovative payment solutions, joins […] and Visa To Enable In-Vehicle Payments

Visa has joined the in-vehicle payment revolution. The brand’s heritage is in plastic credit cards, but for quite some time, it’s been a sophisticated global digital-payments platform. Its Visa Acceptance Solutions division has entered a partnership with, which enables digital payments using network tokens activated from the dashboards inside vehicles. “Network tokens are the […]

Gold, silver down as bulls run out of gas

Gold and silver prices are lower in midday U.S. trading Tuesday, on follow-through technical selling following big losses suffered Monday. On Monday gold spiked to a new record high of $2,152.30, basis February Comex futures. Silver hit a seven-month high Monday. Monday’s price action in gold and silver suggests the bulls quickly became exhausted and […]