Elon Musk Accelerates X Money, Payment Beta Launches Soon

Elon Musk's ambition to make the X platform an "everything app" is getting closer to reality. 

In an internal presentation in February 2026, Musk confirmed that a payment system called X Money would soon enter external testing.

After undergoing an internal closed beta phase, a limited beta for X Money users is expected to begin in the next 1–2 months before a global launch. 

This step marks a significant milestone in X's transformation into an integrated platform combining social media and financial services.

Key Takeaways

• X Money is already live in internal closed beta and will soon enter the external phase.
• X has obtained money transmission licenses in 40+ US states.
• X's payment feature will focus on fiat transfers and digital wallets, not crypto exchanges.

X Money Beta Launching Soon

In his statement, Elon Musk stated that the payment system had been tested internally within the company. The next stage is an external beta with a limited user base before being released globally.

Platform X (formerly Twitter) has long planned to evolve into a multi-purpose app like WeChat in China. With payment integration, users will be able to transfer money directly from within the app without the need for third-party services.

This phased approach shows that the company wants to ensure system stability, security, and regulatory compliance before a full rollout.

Read Also:Smart Cashtags on X: Elon Musk's New Feature for Crypto and Stock Trading

X Payment Features: What's Planned?

X payment feature is designed as a digital wallet that allows:

• Transfer peer-to-peer (P2P)
• Digital balance storage
• Potential integration of creator payments and subscriptions

Musk called X Money a “central source of monetary transactions,” signaling that payments will be a key foundation of monetization on the platform.

Through its X Payments LLC entity, the company has secured money transmission licenses in over 40 US states. This is a crucial step in complying with domestic financial regulations.

Will X Become a Crypto Exchange?

There was speculation that X would become an integrated crypto exchange. However, X's head of product, Nikita Bier, emphasized that the company will not act as a broker or crypto exchange.

Instead, X will introduce a “Smart Cashtags” feature that will allow users to access stock and crypto data directly from the timeline, as well as connect to third-party execution partners.

This means that the X payment feature in the initial stage will focus on fiat transactions (conventional currency), not direct trading of crypto assets like Bitcoin or Dogecoin.

Read Also:Rumor: X Will Release Crypto Trading on Its App? CZ's Post Receives Community Note

Impact on the Digital Payment Industry

If successful, Elon Musk's X Money has the potential to challenge popular payment apps like PayPal and Cash App.

With a global user base claimed to reach hundreds of millions of accounts, the integration of direct payments into social media could transform digital transaction behavior. Users could:

• Send money while discussing on the timeline
• Pay content creators instantly
• Make e-commerce transactions without leaving the application

This model combines communication and transactions in one closed ecosystem.

Regulatory and Security Challenges

Despite the significant prospects, key challenges remain regulation and security. Digital financial services face heightened scrutiny regarding:

• Anti-money laundering (AML)
• Consumer protection
• User data security

Therefore, a phased rollout through x money beta is a risk mitigation strategy before global implementation.

Read Also:X Sell Inactive Usernames: Elon Musk's Marketplace Handle Feature

Will X Become the “Everything App”?

Since acquiring Twitter in 2022, Elon Musk has repeatedly stated his vision of making X a super app encompassing communications, content, AI, and finance.

The launch of X Money is one of the most important pillars of this vision. If the X payments feature is successful, future steps could include the integration of advanced financial services such as microloans, cross-border remittances, or multi-asset wallets.

However, there is currently no definite date for the global launch other than an external beta estimate of 1–2 months.

Conclusion

Elon Musk's confirmation of the acceleration of X Money marks a new chapter in the evolution of the X platform. With the X Money beta starting soon, the company is entering a crucial phase towards the launch of a global payment system.

While not yet a crypto exchange, X's payment feature could change the digital transaction landscape by uniting social media and finance in one app.

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FAQ

What is x money elon musk?

X Money is a digital payment system developed by Elon Musk's X platform to enable money transfers and digital wallets within the app.

When does x money beta start?

Elon Musk stated that x money external beta will begin within 1–2 months after the February 2026 announcement.

What are the features of X payment?

X's payment features include peer-to-peer transfers, digital wallets, and potential integration of creator payments and in-app transactions.

Will X be a crypto exchange?

No. Party X confirms that they will not act as a broker or crypto exchange, but rather provide data and connection features to third-party partners.