Money is coming to Elon Musk's X and here is everything we know about it
Elon Musk's X (formerly known as Twitter) is gearing up to launch its first-ever digital payment service, X Money, later this year. In a post, Musk confirmed that this service will be out in the best phase first, but with limited access. The service has been in the pipeline for several years, with Tesla and SpaceX chief Elon Musk dropping hints about its development since acquiring the platform. Although Musk has yet to confirm an official launch date, he recently revealed that X Money's underlying infrastructure is close to being ready for limited beta trials. These early tests will be a key step before the feature becomes available to the wider public. Here is everything we know about the upcoming advertisementX Money is coming soon: Here is everything we knowThe introduction of a native payments system forms a central part of Musk's broader ambition to evolve X into an 'everything app' — a multifunctional platform that goes beyond social media to encompass messaging, commerce, and financial services. With X Money, users are expected to gain access to a user-friendly way to send and receive funds directly within the app, aligning the platform more closely with popular apps, like WhatsApp. While full details about the service remain under wraps, the planned beta phase suggests development is progressing steadily, bringing Musk one step closer to his goal of turning X into a digital hub for everyday life.
On Monday, a post by @teslaownerssv on X claimed that X Money would launch soon and introduce a suite of payments and banking features.
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In response, Musk cautioned that the initial release would be highly restricted, adding, 'When people's savings are involved, extreme care must be taken.' X Money is expected to support cryptocurrency payments, with Bitcoin being a key player in the rollout. According to reports, Musk is also collaborating with financial services giant Visa to enable seamless transactions through the upcoming platform. The official X handle for the payments service confirms that a public launch is scheduled for 2025.
Since acquiring the platform in October 2022, Musk has introduced several changes, including a subscription-based verification system and increased monetisation options for content creators. Several reports have highlighted that Musk aims to secure approval across all 50 US states before the full-scale launch of X Money early next year. If successful, the service could significantly alter how users interact on the platform, potentially allowing them to send, receive, and manage funds without leaving the app.Musk's commitment to the project appears to be intense. In a recent post on X, he wrote, 'Back to spending 24/7 at work and sleeping in conference/server/factory rooms,' underscoring the demands of his current workload. He also mentioned the need to focus on several high-priority ventures, including X, xAI, Tesla, and an upcoming Starship launch, indicating a temporary retreat from his political activities.With payments, banking, and crypto integration on the horizon, X Money could mark a pivotal shift in Musk's ambition to reimagine the social platform as a central hub for communication, finance, and digital services.
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