Overview
- Musk said X Money has finished an internal closed beta and will expand to a limited external beta in the next one to two months before a broader release.
- Positioned as the platform’s central hub for transactions, the service is built to handle peer‑to‑peer transfers and other in‑app payments.
- The initial implementation will prioritize fiat currency through X’s partnership with Visa, following earlier tests of digital wallets and person‑to‑person payments in 2025.
- Details on cryptocurrency support have not been disclosed, though prior leadership signaled investment and trading features could be added later.
- Musk delivered the update during xAI’s All Hands presentation, where he also cited about 1 billion installs and roughly 600 million monthly active users for X and pointed to recent XChat encrypted messaging features.