Elon Musk Reveals X Money Is Coming in Beta Mode Soon—But Still No Dogecoin

Elon Musk Confirms X Platform's Upcoming Payments Service Beta

In a recent tweet, Tesla CEO Elon Musk announced that X (formerly Twitter) will soon launch a payments service in limited beta mode. Musk stressed the importance of caution when handling users' funds, stating, "When people's savings are involved, extreme care must be taken."

Building on Earlier Announcements

This development follows X CEO Linda Yaccarino's January statement about X Money launching later this year in partnership with Visa. The service will reportedly enable users to connect debit cards for peer-to-peer payments through a digital wallet.

Musk's Vision for an "Everything App"

As the world's richest person and advisor to former President Donald Trump, Musk has consistently pushed to transform X into a comprehensive platform that includes payment capabilities. While speculation suggested potential cryptocurrency integration—given Musk's public support of Dogecoin—the recent announcement didn't specify any digital currency involvement.

Musk has previously clarified he's "not actively involved" in cryptocurrency, though he appreciates Dogecoin's lighthearted nature. Details about X Money remain scarce, and the platform's press team hasn't yet provided additional information.