Photo Credit: Reuters 3v6d2p
Elon Musk aims to transform X from a microblogging platform to an "everything app"
X Money is expected to launch later this year, bringing 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".
On Monday, an X (@teslaownerssv), posted claims about the 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 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 , which will debut later this year.
— Linda Yaccarino (@lindayaX) January 28, 2025
: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…
Musk has been working on 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 , which will debut later this year.
— Linda Yaccarino (@lindayaX) January 28, 2025
: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…
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 s to purchase a subscription that adds a verification tick to their profile.
This week, Musk said he is back to working 24x7 at his companies after several X s complained of most s after an outage that impacted tens of thousands of s in the US.
For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.