X Money is set to debut later this year, aiming to introduce digital payment capabilities to X, the social media platform formerly known as Twitter. Elon Musk, the CEO of Tesla, has hinted at the upcoming payments service for the past three years. Although no specific launch date has been provided, Musk announced that the network infrastructure will undergo limited beta testing prior to its official rollout. This initiative is part of Musk’s broader strategy to evolve X into an “everything app.”
X Money Beta Testing Ahead of Anticipated Launch in 2025
An X account, @teslaownerssv, shared updates regarding the future of X Money on Monday, emphasizing that the platform is on Technology News of launching and will expand the app’s services to encompass payments and banking. Musk, who actively engages with users on X, responded to this announcement, clarifying that initial beta access will be very limited. He emphasized the necessity for extreme caution when handling users’ savings.
According to reports, X Money is expected to facilitate cryptocurrency transactions, particularly with Bitcoin.
Musk is collaborating with Visa to enable transactions made through X Money. The official handle for the service on X confirms that it is slated for a 2025 launch.
Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year.
:moneybag: Allows for secure + instant funding to your X Wallet via Visa Direct
:identification_card: Connects to your debit card allowing P2P payments
:bank: Option to instantly…
— Linda Yaccarino (@lindayaX) January 28, 2025
X Money: What We Know So Far
Musk has focused on integrating payment solutions on X since 2022. The company responsible for the initiative, X Payments LLC, has secured licenses in 41 states across the United States.
In January 2025, sources within the U.S. technology sector indicated that Musk aims to obtain approval from all states prior to the service’s launch.
Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year.
:moneybag: Allows for secure + instant funding to your X Wallet via Visa Direct
:identification_card: Connects to your debit card allowing P2P payments
:bank: Option to instantly…
— Linda Yaccarino (@lindayaX) January 28, 2025
Musk acquired X for $44 billion in October 2022 and has implemented numerous changes, including a subscription service that provides users with a verification tick on their profiles.
This week, Musk announced that he is fully committed to his companies again, following an outage that affected thousands of users across the U.S., leading to numerous complaints about the platform’s performance.
