X is moving deeper into financial services as its long-awaited payments platform, X Money, enters internal testing and prepares for a wider rollout.
The initiative marks a major step in Elon Musk’s effort to transform X from a social media network into a financial ecosystem.
By combining messaging, payments, and asset management, the platform aims to become a central hub for users’ digital and financial activity.
Licensing approvals, partnerships, and beta testing progress show X Money is advancing toward public release, even as crypto investors speculate about potential integration without official confirmation.
Internal testing and beta rollout
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X Money is currently being tested in a closed beta among company employees, according to Elon Musk, who shared the update during an xAI All Hands presentation in February 2026.
The platform is expected to move into a limited external beta within the next one to two months before expanding globally.
The payment system is designed to allow users to handle financial transactions directly within X, enabling transfers, payments, and financial management without separate apps.
The rollout marks a key step in Musk’s strategy to expand X beyond social networking by integrating financial services.
Licences and partnerships support expansion
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X has secured money transmitter licences in more than 40 US states, allowing it to operate payment services across much of the country.
These approvals are essential for moving funds between users and building financial infrastructure.
The company also established partnerships with major payment providers, including Visa, last year. These collaborations are expected to support payment processing, compliance, and transaction reliability.
The regulatory progress and partnerships indicate X Money is moving closer to full deployment and positioning X to compete with digital wallets and payment platforms.
Crypto speculation focuses on DOGE and XRP
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Crypto investors have closely followed X Money’s development, viewing it as a possible gateway for digital asset payments. However, X has not confirmed whether cryptocurrencies will be supported.
Speculation around Dogecoin has emerged due to its association with Elon Musk and suitability for micropayments.
Another narrative centres on XRP due to Cross River Bank’s involvement in processing payment flows for X.
Cross River Bank has integrated Ripple’s protocol since 2014 to enable real-time cross-border payments between the US and Western Europe, creating expectations among investors.
Super app vision drives long-term strategy
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X Money forms a key part of Musk’s plan to transform X into a platform combining communication, commerce, and financial services.
The company aims to increase monthly active users beyond 600 million and eventually reach 1 billion.
This strategy mirrors platforms such as WeChat, which integrate messaging, payments, and digital services into a single ecosystem.
By allowing users to manage messaging, shopping, and transactions in one place, X Money could expand X’s role in users’ daily lives.
As X Money moves closer to public release, its impact on digital payments and potential links to crypto markets will become clearer. The rollout marks a major step in X’s expansion into financial services.
