Elon Musk announces X Money to enter early public access starting next month

Elon Musk

• X Money to enter early public access next month on X platform
• Users will be able to make payments and transfers within X
• X teams up with Visa for secure in-app transactions

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Elon Musk has said that X Money, the digital payment service being developed for the social media platform X, will enter early public access next month. The announcement marks another step in Musk’s plan to expand X beyond social networking and add financial services directly within the app.

The feature is expected to allow users to conduct financial transactions without leaving the platform, aligning with Musk’s long-term vision of transforming X into an “everything app.”

What is X Money

X Money is designed as an in-app payment system that would allow users to transfer money, make payments, and potentially manage financial transactions through X. The service aims to integrate digital payments into the social platform’s existing ecosystem of messaging, media sharing, and content posting.

Musk has repeatedly said that financial services will become a core component of X as the platform evolves beyond its original role as a social media network.

If widely adopted, the system could enable peer-to-peer payments and other financial services within the app, similar to the way messaging platforms in some markets have integrated payments.

Partnership with Visa

X has already partnered with Visa to support the development of its payment services. The collaboration is intended to help facilitate direct payment capabilities for users on the platform.

Payment infrastructure partnerships are expected to play a role in enabling secure and regulated financial transactions through X Money.

The involvement of established payment companies could also help the platform meet regulatory requirements in multiple markets as it rolls out financial services.

Part of Musk’s ‘everything app’ plan

Since acquiring Twitter in 2022 for $44 billion and rebranding it as X, Musk has outlined plans to expand the platform into a broader digital ecosystem.

The strategy includes integrating services such as messaging, video, streaming, and financial transactions within a single application.

Launching X Money in early public access represents one of the first major steps toward implementing that vision.

If the rollout progresses as planned, the feature could expand to more users over time as X continues to develop additional services tied to its platform.