CMC News

X Money Beta Testing Begins as Musk Confirms Limited Access

Elon Musk confirmed X Money will launch in "very limited access beta" mode following speculation about payment features.

The Tesla CEO emphasized that "extreme care must be taken" when people's savings are involved in the rollout.

X CEO Linda Yaccarino announced in January that X Money would debut this year in partnership with Visa.

The service will allow users to connect debit cards for peer-to-peer payments similar to Venmo functionality.

X Money will function as a digital wallet with Visa enabling funding from bank accounts for transactions.

Musk has repeatedly discussed transforming X into an "everything app" with comprehensive #payments capabilities.

Despite Musk's frequent praise of $DOGE, there was no mention of cryptocurrency integration in recent announcements.

Speculation about crypto payments has persisted since Musk's 2022 Twitter acquisition due to his #Dogecoin advocacy.