X Money will be the social media company’s attempt at creating a global, peer-to-peer payment platform once beta testing is concluded.
X Money, the proposed integrated payments platform from Elon Musk, is expected to launch next month (April 2026).
Musk announced on 10 March via his X account that X Money will become available for “early public access”. X Money already has the backing of Visa; the social media platform will integrate its global money movement tool, Visa Direct, to perform peer-to-peer payments in-app.
This was confirmed in January 2025 by X Corp CEO, Lina Yaccarino, who revealed the Visa Direct integration will enable X users to create X Money accounts, allowing them to fund and transfer funds from their debit cards.
This would create a new global payment service for X’s 557 million – 570 million – according to Statista – which could create new financial inclusion opportunities for underbanked or underserved regions, as well as a competitor to the likes of PayPal and Apple Pay.
X Money is expected to roll out in the US first as X Payments LLC. The operating company of X Money, has received money transmitter licences in 41 US states, enabling X to legally store, receive and send money on behalf of its users, as well as comply with state-level anti-money laundering regulations and customer fund handling guidelines.
“When people’s savings are involved, extreme care must be taken,” said Musk in an X post in May 2025.
Musk also announced the launch of limited beta testing of X Money services last May. This saw a select number of users to test X Money’s capabilities when it pertains to storing funds in digital wallets, sending and receiving peer-to-peer payments and connecting their bank accounts.
The world’s richest man gave further details regarding X Money’s potential soft launch during anxAI event on 14 February. He revealed that the beta version was in closed testing and that it could be launched in the next one to two months.
Why is Musk intent on morphing X into a Super App?
Since acquiring X, formerly known as Twitter, for a reported $44bn from Jack Dorsey in October 2022, Musk swiftly began to put plans in place for the creation of X Payments and X Money.
His early tenure of X Corp was shaky to say the least. He almost immediately slashed its workforce by 80% and within his first year, while sales from advertising did not meet its 2023 expectations as it stood at $2.5bn, just shy of its $3bn benchmark.
With advertising revenue reportedly making up 70%-75% of X’s total revenue, Musk appears to be keen to diversify its revenue streams so the company is not so reliant on funds coming via advertisers.
Super apps, singular platforms that encompass multiple different functions, have increased in popularity over the past several years due to their seamlessness and friendly user experiences.
WeChat is perhaps the most popular and successful super app model. It allows its users to communicate via text, voice and video calls, perform mobile payments with WeChat Pay, send and share photos and videos, and book hotels and tickets, all within the same app.
According to WeChatCourse, WeChat’s 2024 revenue was projected to be $62bn. WeChat Mini Games, which enables users to play games in-app, brought in $2.3bn in H1 2024, while in-app purchases exceeded $30.3bn by May 2024.
While X Payments is Musk’s first new function set to be added to the social media platform, cryptocurrency and stock data tools will also follow, as confirmed by Nikita Bier, Head of Product at X, on 14 February.
