X, formerly known as Twitter, has faced delays and challenges in its plans to launch X Money, a digital payment initiative, due to regulatory obstacles. Despite withdrawing its application in New York, the platform has obtained licences in 38 states and is now looking to launch in a limited capacity in the US this year. However, concerns have been raised about X's connections with Saudi Arabia and its controversial stances, which could hinder its expansion in international markets.
X: A Digital Payment Revolution with Regulatory Hurdles
Background:
Twitter, the renowned social media platform, has embarked on a journey to revolutionize digital payments with its X initiative. X Money, the company's digital payment solution, aims to provide users with a convenient, secure, and seamless way to transact online.
Current Status:
Despite its ambitious plans, X Money has faced significant regulatory obstacles. The company initially applied for a banking license in New York but withdrew its application amidst concerns over its business practices. X has since obtained licenses in 38 states and is preparing for a limited launch in the US this year.
Challenges and Concerns:
X's expansion efforts have been hindered by concerns about its ties to Saudi Arabia, which holds a significant stake in the company. Critics have raised ethical concerns about X's association with a regime accused of human rights abuses. Additionally, X's controversial stances, such as its ban on certain political users, have sparked fears of potential censorship within its payment ecosystem.
Top 5 FAQs and Answers:
1. What is X Money? A: X Money is a digital payment initiative from Twitter that aims to provide a convenient, secure, and seamless way to transact online.
2. Why is X Money facing regulatory hurdles? A: X has faced regulatory obstacles primarily due to concerns over its ties to Saudi Arabia and its controversial stances on certain political issues.
3. When will X Money launch? A: X Money is expected to launch in a limited capacity in the US this year.
4. How will X Money impact international markets? A: X's expansion into international markets may be hindered by concerns about its ties to Saudi Arabia and its controversial stances.
5. What are the ethical implications of X's ties to Saudi Arabia? A: Critics have raised ethical concerns about X's association with a regime accused of human rights abuses.
Conclusion:
X Money has the potential to transform digital payments but faces significant regulatory and ethical challenges. As the company navigates these hurdles, it remains to be seen whether it can overcome them and achieve its ambitious goals. The launch of X Money in the US will provide a crucial test for the platform's resilience and ability to address the concerns raised about its business practices.
As OnePlus gears up to launch its highly anticipated OnePlus 15 flagship in India tonight, leaks have already revealed key details about its price, design, and specifications. The event will be streamed live on the OnePlus India YouTube channel and fans can also follow coverage on India Today Tech. With an expected price of over ₹70,000, the OnePlus 15 is set to be the brand's most expensive non-foldable phone yet, but launch-day offers may help offset the cost. Powered by Qualcomm's Snapdragon 8 Elite Gen 5 chipset and boasting a 165Hz refresh rate display, the OnePlus 15 is poised to be a powerhouse in design and performance.
Social network X (aka Twitter) is experiencing widespread login issues, with users reporting being unable to access their account due to a passkey upgrade error. This has caused frustration and concern among users, with many sharing their experiences and struggles on social media and forums. As the problem continues to persist, X's team is facing backlash for their handling of the situation, especially in terms of security concerns.
The Adani Group has announced a major step towards redefining India's clean energy landscape with the deployment of a 1,126 MW battery energy storage system (BESS) at its renewable energy plant in Khavda, Gujarat. This will be the largest BESS installation in the country and one of the world's largest single-location BESS deployments. Scheduled to be commissioned by March 2026, the project will support round-the-clock clean electricity and help decarbonize the power sector. With cutting-edge lithium-ion battery technology and advanced energy management systems, it will serve as a cornerstone in the world's clean energy evolution.
On National Education Day 2025, India remembers Maulana Abul Kalam Azad's pioneering efforts as the first Education Minister to lay the foundation for modern education. As education continues to evolve, the focus is now shifting towards integrating Artificial Intelligence (AI) into the learning process. With AI-powered systems such as ITS and LMS, education is becoming more inclusive and personalized, staying true to Azad's belief that education has the power to revolutionize society.
The Department of Telecommunications has introduced a new portal integrated within the Sanchar Saathi platform to help citizens verify the authenticity of messages they receive from banks or financial institutions. This portal allows users to search for official information by entering the name of the institution, website, email address, or phone number. However, there are still significant omissions and limitations in the portal's functionality, highlighting the need for continued development and improvement.
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Motorola has announced the launch of the Moto G 5G 2026 and Moto G Play 5G 2026 in the US, both of which come equipped with MediaTek processors and 5G capabilities. With a large 6.7-inch LCD display, impressive camera setups, and a robust 5200mAh battery, these budget-friendly devices are set to offer an affordable 5G experience to consumers. Available in December and November respectively, these devices are sure to make a splash in the US smartphone market.
Maharashtra has taken a major step towards bridging the digital divide by signing a partnership with Starlink Satellite Communications Pvt Ltd, owned by Elon Musk's SpaceX. This move marks a significant milestone in expanding internet connectivity to remote and underprivileged areas of the state, in alignment with the Digital Maharashtra mission. This collaboration also holds the potential to enhance governance, education, healthcare, and overall socio-economic development in Maharashtra with the introduction of high-speed satellite internet access.
The Maharashtra government recently signed a Letter of Intent with Starlink Satellite Communications to provide satellite-based internet services to government institutions and underserved areas in the state. This partnership with Elon Musk's company is the first of its kind in India and is expected to greatly improve internet connectivity, aligning with Maharashtra's Digital Maharashtra mission. Officials believe it will also support other state initiatives such as electric vehicle programmes and disaster resilience projects.
The Text With Jesus app, powered by OpenAI's ChatGPT, has gained popularity since its launch, despite skeptics calling it blasphemy. Users can engage in AI-generated conversations with famous Biblical figures like Jesus and Moses, receiving scripture-based advice on various topics. Creator Stéphane Peter shares that most users have come to the app out of curiosity and are embracing the unique experience.