“X Money,” a payment platform from Elon Musk’s X (formerly Twitter), has entered an internal “closed beta” phase and will move to an external beta test within one to two months. While the specifics remain unclear, Musk stated the platform aims to be the “central source of all monetary transactions,” fueling speculation from industry figures about potential cryptocurrency integration. However, no crypto support has been publicly confirmed for the service, which is part of Musk’s broader vision to transform X into a super app.
Elon Musk has announced that X Money, a new payment platform for X, will begin an external beta test within one to two months. Musk stated the platform is intended to be the “central source of all monetary transactions” and called it a “game-changer” for his plan to turn X into a super app.
Currently, the payment platform is in a “closed beta” internal testing phase. Musk believes integrations with other X services will help the platform eventually attract over one billion daily users.
The crypto community has speculated about possible cryptocurrency support on X Money. Musk is a known proponent of Dogecoin, and his company Tesla holds over 11,000 Bitcoin, adding to the conjecture.
Former White House Communications Director and crypto investor Anthony Scaramucci fueled the rumors, stating he believes Musk’s platform will use crypto. “Will it be his own coin, the way Telegram is doing it? Will it be a stablecoin? It will be something,” he said.
X Money has announced integration with Visa for features including peer-to-peer payments and debit card support. However, as of now, there has been no public confirmation that the platform will include cryptocurrency functionality.
