Elon Musk said during an xAI presentation on Feb. 11 that X Money, the digital payments system for his social media platform X, is running in closed internal beta and could expand to a limited external beta within one to two months before a worldwide rollout to the <a href="https://yellow.com/news/elon-musks-x-money-seeks-tech-lead-while-community-speculates-on-crypto" rel="noopener noreferrer nofollow">platform's more than 600 million active users</a>.
<h2 id="what-happened-x-money-nears-public-beta">What Happened: X Money Nears Public Beta</h2>
Musk <a href="https://www.thenews.com.pk/latest/1392025-elon-musk-unveils-x-money-beta-game-changer-for-digital-payments" rel="noopener noreferrer nofollow">disclosed</a> the timeline during xAI's "All Hands" event, where he also discussed the AI venture's reorganization.
<blockquote>
 "We actually have X Money live in closed beta within the company, and we expect in the next month or 2, to go to unlimited external beta, and then go worldwide to all X users," Musk said.
</blockquote>
X Money has secured money transmitter licenses in more than 40 U.S. states. The platform has also established a partnership with Visa to support its payments infrastructure.
Musk described the service as "the central source of all monetary transactions," adding: "It's really going to be a game-changer." The payments feature is part of his broader push to turn X into a so-called "super app" modeled after Asia's all-in-one platforms such as WeChat, combining social networking, messaging, commerce and financial services.
X currently claims more than 1 billion installs worldwide. "If you wanted to, you could live your life on the X app," Musk said.
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<h2 id="why-it-matters-crypto-speculation-grows">Why It Matters: Crypto Speculation Grows</h2>
The announcement has fueled speculation about whether X Money could eventually integrate cryptocurrency payments, though no such feature has been confirmed. Two tokens have drawn particular attention from investors building their own narratives around the platform.
Dogecoin<a href="https://yellow.com/asset/doge" rel="noopener noreferrer nofollow">(DOGE)</a> remains closely tied to Musk's personal brand, and past comments from Musk suggesting the meme coin could be suitable for micropayments have kept speculation alive. Separately, XRP<a href="https://yellow.com/asset/xrp" rel="noopener noreferrer nofollow">(XRP)</a> has drawn interest because Cross River Bank, a financial partner working with X on payment processing, has used Ripple's protocol for cross-border transfers since 2014.
Neither DOGE nor XRP showed significant price movement following the announcement. The actual impact of X Money on crypto markets and the broader financial system will depend on what the platform looks like once it officially launches.
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Can Elon Musk's X Money Disrupt Digital Wallets?

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