X Money is one step closer to launching, according to the company’s CEO.
Elon Musk’s X, formerly known as Twitter, will integrate its long-awaited payments feature in 2025, according to a Dec. 31 announcement.
Linda Yaccarino, CEO of X he said that the platform will “connect [users] in ways never thought possible,” including through the launch of X Money.
It did not reveal a definitive release date, but some commentators believe the company is prepared to launch the product at any time.
Aaron Perris, MacRumors Contributor uncovered Leaked code suggesting the company plans to launch X Money before gaining approval in all US states. As of January 2025, X has money transmission licenses in 39 states.
Crucially, the company missed previous estimated release dates for the product. In October 2023, Musk said that he waited the feature will arrive at the end of 2024. Months later, the company confirmed that would launch peer-to-peer payments in 2024. Although it ultimately missed those estimates, the recent timeliness suggest that X Money is reasonably close to launch.
It’s unclear what features X Money will include, but payment platforms typically offer both peer-to-peer payments and merchant payments. Musk has outlined a more ambitious goal: a full-featured service that replaces the need for a bank account.
Some rumors suggest that X could also support cryptocurrencies as a payment method. However, Musk and associated parties have not indicated that the payment feature will include support for cryptocurrencies.
Instead, those rumors are largely driven by Musk’s enthusiasm for cryptocurrencies, particularly the meme cryptocurrency Dogecoin (DOGE), which he promotes in social posts and allows as a payment method for select purchases at Tesla.
The latest developments have attracted the attention of Billy Markus, a former Dogecoin developer who co-created the token.
Markus responded to Yaccarino’s announcement tweet, indicating: “I approve of anything that will potentially make me more money by using this app a lot.” Yaccarino responded with a “fire” emoji. None of the individuals commented on cryptocurrencies.
X users who want to make use of the cryptocurrency already have one option available: the platform continues to allow Bitcoin tipping, a feature that was introduced in 2021 before Musk’s acquisition of Twitter in 2022.
X no longer supports NFT profile images, another cryptocurrency-related feature introduced before Musk’s acquisition of the platform.
Disclaimer: The information contained herein is provided without regard to your personal circumstances and should not therefore be construed as financial advice, an investment recommendation or an offer or solicitation to trade in cryptocurrency.
