Elon Musk’s vision to turn X into a social media and payment super app will start with the phased rollout of X Money, which will allow select users to make in-app payments and send money directly to other X users
X Money, a peer-to-peer money movement payment solution, has launched for select users in the US.
The service will be available to a subset of US Premium+ X account users ahead of a wider rollout initially planned for April 2026, but delayed due to beta testing completion.
Dhruv Batura, Head of X Money, said: “We’re releasing (X Money) to a subset of US Premium+ users to collect feedback and iron out issues ahead of a broader launch.”
Some of the access and benefits that comes with a Premium+ X account includes long-form posts for up to 25,000 characters, earning ad revenue from impressions, and access to analytical and management tools.
In a video posted on X by Benji Taylor, Head of Design at X, said the new service will feature the introduction of dynamic trays, an underlying product that maintains a seamless user interface.
The video also demonstrates how a user can pay to boost engagements with varied tiers. When the user selects their preferred tier, a payment method option is available to click, with Apple Pay and X Money the two methods available.
Taylor also revealed X Money “already has a ton of great features and perks”, including a custom Visa debit card for ATM withdrawals.
What is Elon Musk promising with X Money?
In January 2025, X Money first announced its partnership with Visa Direct, to enable peer-to-peer money transfers from X accounts in real-time from Visa debit cards.
All deposits on X Money will be compliant and insured by the Federal Deposit Insurance Corporation (FDIC), with Cross River Bank and other FDIC-regulated banks holding customer deposits.
Insured deposits will be available through the use of the X Cash Sweep Program, which uses secure passkeys to connect users’ funds to the programme and access to up to $10m of FDIC insurance.
Direct deposits will allow X Money users to bypass traditional bank payment route checks by connecting payments to X Money wallets.
Other benefits include split payment capabilities between X users via encrypted messaging and video calls, as well as yield-bearing savings accounts from up to 6% APY on funds stored in X Money wallets.
Users have the option to hold custom Visa debit cards physically or virtually, and they comes with a user’s custom X handle. Purchases with the Visa debit card can earn users 3% cash back and zero foreign exchange fees, revealed during the live beta test conducted in April 2026.
With built-in crypto and stock data expected to come as part of the wider X Money launch, cryptocurrency P2P payments may also become available in the near future.
These payment plans for X Money are part of X owner Elon Musk’s plans to create a social media and financial super app, the first of its kind in Western markets.
WeChat has popularised the super app in China, and the model it becoming all the more commonplace throughout Asia. They enable users to perform multiple functions, such as payments, messaging, video calls, gaming, etc., all via a singular app.
X is one of the most popular social media apps in the world, with an estimated 560-570 million global users.
If X Money can become available to its global userbase, the payment features could also create financial inclusion opportunities for underbanked and underserved populations who do not have access to traditional banking and payment services.
