X Money is one step closer to launch, 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.
X CEO Linda Yaccarino said that the platform will “connect [users] in ways never thought possible,” including through the launch of X Money.
She did not reveal a definite launch date, but some commentators believe that the company is prepared to launch the product at any time.
MacRumors contributor Aaron Perris discovered leaked code that suggests the company plans to launch X Money before it gains approval in every U.S. state. As of January 2025, X has money transmitter licenses in 39 states.
Critically, the company has missed its previous estimated launch dates for the product. In October 2023, Musk said that he expected the feature to arrive by the end of 2024. Months later, the company confirmed that it would launch peer-to-peer payments in 2024. Though it ultimately missed those estimates, the recency of the deadlines suggests X Money is reasonably close to launch.
It’s not clear what features X Money will include, but payment platforms generally offer both peer payments and commercial payments. Musk has described a more ambitious goal: a full-featured service that replaces the need for a bank account.
Some rumors suggest that X could also support cryptocurrency as a payment method. However, Musk and associated parties have not indicated that the payment feature will include support for crypto.
Instead, those rumors are driven largely by Musk’s enthusiasm for crypto — 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, stating: “I approve of anything that potentially gives me more money by using this app a lot.” Yaccarino responded with a “fire” emoji. Neither individual commented on crypto.
X users who want to make use of cryptocurrency already have one option available: the platform continues to allow Bitcoin tipping, a feature that was introduced in 2021 prior to Musk’s 2022 acquisition of Twitter.
X no longer supports NFT profile pictures, another cryptocurrency-related feature introduced prior to Musk’s acquisition of the platform.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.
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