by Olivier Acuña Barba •Published: May 26, 2025•22:53•2 minutes read
Payments for Elon Musk’s X are about to be released. Currently in beta | Credit: Evolf/Shutterstock
Tesla CEO Elon Musk has confirmed that his X platform will soon roll out payment services in beta mode.
Tesla owners are compatible with Silicon Valley Account Commenting that X will start “X Money Soon,” Musk wrote: “This will be a very limited access beta at first.” Musk Added to x It says, “When people’s savings (sic) are involved, extreme caution must be paid.” His confirmation continues with X Money plan It will be released this year, according to the platform’s X account.
X has been actively working to secure 41 such licenses at the time of publication and obtain multiple transmitter licenses for X money across the US, according to the national multi-state licensing system. Report. Some early signs of Musk’s plan to integrate payments into the X date until October 2022 said his $44 billion Twitter acquisition would be “an acceleration to create all apps, X.”
“Unlimited interactive”
In 2023, Twitter was rebranded to X, and CEO Linda Yaccarino revealed that the social media app plans to “unlimited interactivity”, support multiple media formats, and make payments and banks work.
At the time, many speculated that the platform would likely support cryptocurrencies like Bitcoin. The payment platform was originally expected to be launched in mid-2024.
The platform appears to have gained even more momentum in January when President Donald Trump took office and appointed Musk as head of the Department of Government Efficiency Workforce Optimization Initiative (DOGE).
A little pushback
Deeply involved in management through Doge, Musk was quickly pushed back from US authorities such as US Democratic Sen. Elizabeth Warren, who criticized X’s payment platform plan in February.
“Musk clenches X’s fist so X gets his fist with X. He has this idea that X will be a big money platform to get everyone’s personal financial data,” Warren noted Mask’s efforts to dismantle her agency, the Consumer Financial Protection Bureau.
X Money basically acts as a digital wallet, and Visa allows users to fund these wallets from their bank accounts and use them in the same way as other peer-to-peer services, such as Venmo, Revolut, or other similar Fintech apps.
Since SpaceX Boss Musk bought Twitter in 2022, it has been speculated that the website will be used as a crypto payment platform as billionaires have frequently praised Meme Coin Dogecoin. However, there was no mention of Dogecoin or Crypto in the January announcement or Musk’s latest comments.
