Elon Musk’s X to Launch Digital Wallet Called X Money

Elon Musk’s social platform X, formerly Twitter, is about to take a major leap beyond social media. Later this year, the platform will begin testing X Money, a digital wallet designed to support both traditional payments and cryptocurrency transfers.

X Money aims to let users send and receive funds directly within the X app. It’s part of Musk’s broader vision to turn X into an “everything app,” similar to China’s WeChat. In addition to messaging and posting, users will eventually be able to handle banking, shopping, and crypto transactions—without ever leaving the platform.

This digital wallet has been in the works since Musk acquired Twitter in October 2022. It builds on other monetization features he has introduced over time, including paid verification, subscription tools, and creator monetization options.

The first release of X Money will be available only to a small group of users. Musk emphasized the need for caution, especially when dealing with financial services, stating, “When people’s savings are involved, extreme care must be taken.”

Reports suggest that X is partnering with Visa to help facilitate secure and efficient transactions. Bitcoin is expected to be among the first cryptocurrencies supported in the wallet.

There’s no exact launch date yet, but the official @XMoney handle has confirmed a full public release is planned for 2025. For now, the company is focused on obtaining regulatory approval in all 50 U.S. states—a key requirement for launching a nationwide financial service.

Musk appears to be fully invested in the success of X Money. In a recent post, he said he’s “back to spending 24/7 at work and sleeping in conference/server/factory rooms.” Alongside X, he continues to oversee operations at Tesla, SpaceX, and xAI.

If successful, X Money could change how users interact with the platform—making X not just a place to post updates, but a centralized hub for communication, payments, and commerce. Instead of using separate apps to message, shop, and transfer money, users could do it all within X.