X Money Beta Tests Ahead of 2025 Launch

X (Twitter) Finance

Elon Musk confirmed X is beta testing a payments feature, likely linked to “X Money,” aimed for a 2025 launch. He stated X would offer a “high-yield” money market account and debit card, potentially disrupting traditional finance.

Regulatory Scrutiny

X has secured money transmitter licenses in several US states but faces regulatory hurdles. Musk emphasized user safety and regulatory compliance are priorities.

Competition and Features

X aims to compete with PayPal and major banks, offering low fees and high interest rates. Musk envisions X becoming a global financial platform. The platform might integrate crypto, but details remain scarce. The beta test suggests a phased rollout of financial services on X.