X Money is expected to launch later this year, bringing support for digital payments to X, the microblogging platform previously known as Twitter. Tesla CEO Elon Musk has been teasing the X Money payments service for the past three years. While the billionaire has yet to announce a launch date for the service, Musk recently said that the network infrastructure will undergo limited beta testing before it is launched. This network is aligned with Musk’s vision of transforming X from a microblogging platform to an “everything app”.
X Money Beta Testing Ahead of Anticipated Launch in 2025
On Monday, an X account (@teslaownerssv), posted claims about the upcoming X Money platform. It was claimed that X Money would be launched soon and that the “everything app” will become even bigger with payments and banking services. Musk, who is highly active on X, responded to the post stating, “This will be a very limited access beta at first,” the Tesla chief noted. “When people’s saving are involved, extreme care must be taken.”
As per reports, this X Money platform is expected to support crypto transactions, especially those being facilitated through Bitcoin.
Musk is working with Visa to facilitate transactions initiated via X Money. The service’s handle on X confirms that the service is set to launch in 2025.
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 been working on support for payments on X since 2022. X Payments LLC, the firm behind the project, has reportedly secured licences in 41 states in the US.
In January 2025, insiders from the US tech industry indicated that Musk plans to get approval from all US states before launching the service.
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 (roughly Rs. 3,75,558 crore) in October 2022. He introduced several changes in the working of the platform, which now allows users to purchase a subscription that adds a verification tick to their profile.
This week, Musk said he is back to working 24×7 at his companies after several X users complained of most users after an outage that impacted tens of thousands of users in the US.
