X Money, the payments system built into Elon Musk’s social media platform X, is preparing for an external beta rollout soon after completing an internal closed beta, Elon Musk announced today.
“For X Money, we’ve actually had X Money live in closed beta within the company,” Musk said. “We expect in the next month or two to go to a limited external beta, and then to go worldwide to all X users.”
The X chief executive said the service is designed to function as a unified hub for financial transactions across the platform and a “game changer” that, together with XChat and expanded communication features, could encourage users to rely on the app for everyday activities and help drive the platform toward more than one billion daily active users.
“As we give people more reasons to use the X app, whether it’s for communications, for rock, or for X Money, whatever the case may be, we want it to be such that if you want to, you could live your life on the X app,” Musk added.
X Money is designed to serve as the primary conduit for peer-to-peer transfers and other monetary activities within the app, advancing Musk’s vision to turn X into an all-in-one app for communication, payments, and everyday life.
The initiative builds on the groundwork laid out over the past year. In early 2025, X began beta testing digital wallet capabilities and person-to-person payments through a collaboration with Visa.
More recently, the company rolled out XChat, an encrypted messaging system that consolidates direct communications into a single inbox with privacy protections that Musk has compared to Bitcoin-level encryption.
Since Musk completed his $44 billion acquisition of Twitter in October 2022 and rebranded it as X, the platform has steadily expanded beyond microblogging to include AI tools, long-form video, and now financial infrastructure.
Specific details regarding potential crypto asset integration with X Money have not been disclosed.
However, former CEO Linda Yaccarino previously confirmed that beyond payments, X would integrate investment and trading capabilities, suggesting digital assets could eventually play a role within the platform’s financial ecosystem.
