Elon Musk Sets X Money Beta Launch for Next 1-2 Months – Here’s What We Know

TLDR

• Elon Musk confirms X Money will enter external beta testing in the next 1-2 months
• Payment system already running in closed beta with X employees
• Service designed to become central hub for all money transactions on X platform
• X has 1 billion app installs but 600 million monthly active users
• Launch part of strategy to transform X into everything app like WeChat

Elon Musk revealed that X Money will launch its external beta within the next one to two months. The payment platform has completed internal testing with company employees.

Musk shared the timeline during an xAI “All Hands” presentation on Wednesday. He described X Money as the future “central source of all monetary transactions” for users.

The billionaire tech entrepreneur said the payment system is already operational. X employees have been testing it in a closed beta environment before the wider rollout.

Everything App Strategy

X Money represents a major piece of Musk’s plan to build an everything app. The concept mirrors WeChat in China, which combines social media, messaging, and financial services.

The payment system will handle peer-to-peer transfers and other financial activities. Users will be able to conduct money transactions directly within the X app.

Musk explained that X Money aims to increase daily user engagement. The platform currently has 1 billion total app installations worldwide.

However, monthly active users stand at approximately 600 million. Musk wants to boost this number by adding more essential features.

Payment Integration Details

X began testing digital wallet features in early 2025. The company partnered with Visa to enable person-to-person payment functionality.

The initial X Money rollout will focus on traditional fiat currency. Crypto integration remains unconfirmed, though reports suggest future digital asset support is planned.

Musk’s interest in payment systems goes back to 1999. He co-founded X.com, an online bank that eventually became PayPal after merging with Confinity.

He has pushed for payment features on X since buying Twitter for $44 billion in October 2022. The company was later rebranded as X.

Former CEO Linda Yaccarino previously announced plans for investment and trading capabilities. These features could eventually include digital assets within X’s financial ecosystem.

The external beta will be limited initially before expanding worldwide. All X users globally will eventually gain access to the payment system.

Musk also discussed xAI’s infrastructure expansion during the presentation. The company added 220,000 graphics processing units to its Memphis data center.

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