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Elon Musk Confirms Very Limited Beta for X Money Payment Service

The trial phase will precede a broader launch later in 2025 once X finalizes licensing in all US states.

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Overview

  • Elon Musk posted that X Money will enter a very limited access beta soon to ensure user funds are handled with “extreme care.”
  • The service will allow users to link debit cards via a partnership with Visa for peer-to-peer payments and instant bank transfers through Visa Direct.
  • X Payments LLC has secured money transmitter licenses in 41 US states and plans to obtain approval nationwide before a wider rollout.
  • X CEO Linda Yaccarino announced the platform’s debut later in 2025, framing it as a key step in Musk’s vision of X as an “everything app.”
  • Despite earlier crypto speculation, the beta announcement made no mention of support for Dogecoin or other cryptocurrencies.