Elon Musk’s X (formerly Twitter) is set to launch its first native digital payment service called X Money later this year, marking a major step toward his vision of transforming the platform into an “everything app.” Musk recently confirmed that while the rollout will begin in the Bay Area with limited access, the underlying infrastructure is nearly ready for beta testing, a critical milestone before a broader launch.
X Money aims to let users send and receive money directly within the app, much like popular messaging apps such as WhatsApp have done, but with added features. The service will reportedly support cryptocurrency payments, with Bitcoin playing a significant role. Musk is also partnering with Visa to enable smooth, secure transactions, enhancing the platform’s payment capabilities.
The initial launch will be highly controlled and limited, reflecting Musk’s caution given the financial stakes involved. He emphasized the need for “extreme care” when people’s savings are at risk. Musk and his team are working toward regulatory approval across all 50 US states, aiming for a full-scale launch in 2025.
Since acquiring X in late 2022, Musk has overhauled many features, including subscription verification and monetization tools for creators. X Money could be the most transformative yet, potentially allowing users to manage funds, make payments, and engage in commerce seamlessly without leaving the app.
Musk’s recent posts highlight how intensely he is focused on this and other ventures like xAI, Tesla, and SpaceX’s Starship program — even sacrificing sleep and political pursuits to push these projects forward.
If successful, X Money could redefine how users interact on the platform, embedding financial services deeply into social media and moving Musk closer to his dream of creating a multifunctional digital hub combining messaging, commerce, crypto, and beyond.
