Musk hints at imminent reveal.
Elon Musk's revamped social platform, initially known as Twitter, is about to introduce a groundbreaking digital payment service, dubbed X Money. Here's what we know so far about this new venture.
The beta phase of X Money, which already began in stealth mode, will initially grant limited access to a select group of users. According to the platform's official accounts, the public launch is scheduled for 2025, though the exact date remains undisclosed.
X Money aims to revolutionize the way users interact with their finances, offering features such as peer-to-peer payments, instant debit card funding, and secure storage for fiat currencies. The service will initiate its operations in partnership with Visa, leveraging its extensive global payments infrastructure.
User eligibility during the beta phase is currently undefined. However, it's expected that once regulatory requirements are met and the beta testing is successful, X Money will be rolled out more broadly to a wider audience.
Elon Musk's ultimate objective is to turn X into an "everything app," seamlessly integrating commerce, entertainment, and finance within a single platform. As of May 2025, X has secured 41 money transmitter licenses across the United States, a necessary legal requirement for offering financial services.
In summary, X Money is poised to significantly enhance the functionalities of Elon Musk's social network, provided it goes through successful beta testing and receives regulatory approval. The service's potential to streamline financial transactions and integrate various aspects of daily life within a single platform makes it an exciting development to watch.
"What about investing in X Money when it becomes available during the public launch in 2025? Its revolutionary features in finance are expected to include peer-to-peer payments, instant debit card funding, and secure storage for fiat currencies, all made possible through a partnership with Visa."
"With Elon Musk's ambition to turn X into an 'everything app,' incorporating commerce, entertainment, and finance, X Money could potentially revolutionize technology-based investing by streamlining financial transactions and integrating various aspects of daily life within a single platform."
