- X plans to add financial services, including payments and investments, for its users.
- The platform may launch an X-branded credit or debit card in 2025.
- Beta testing for the X Money app is underway, with a U.S. launch planned first.
- No official confirmation yet on whether cryptocurrency payments will be included.
- Other major companies, such as VISA and JPMorgan Chase, are advancing their digital asset payment solutions.
X, the social media platform formerly known as Twitter, will soon introduce a range of financial services, allowing its users to make payments and manage investments directly within the app. The new features are part of ongoing changes at the company and are expected to begin launching in the United States.
In a recent interview with the Financial Times, X CEO Linda Yaccarino stated that the platform aims to let its estimated 600 million users “be able to transact [their] whole life on the platform,” including sending money, managing investments, and eventually using an X-branded credit or debit card. She called the new payment app a “whole commerce ecosystem and a financial ecosystem.”
Beta tests for the X Money app have started, with an official account suggesting a 2025 launch. Elon Musk has said, “extreme care must be taken” during pilot phases because user savings are involved.
Neither Yaccarino nor Musk have confirmed if cryptocurrency payments will be included as part of X Money. While Musk has publicly supported Dogecoin in the past—indicating in March 2024 that DOGE could be used to buy Teslas—no timeline or direct integration with X services has been announced.
Other companies are also making moves in digital payments. Visa is working to increase stablecoin adoption in Africa through a partnership with Yellow Card Financial, which has facilitated over $6 billion in transactions since 2019. In the United States, JPMorgan Chase recently filed a trademark for its JPMD deposit token to support crypto services and has started pilot transactions on Coinbase’s Base Network.
As the launch of X Money approaches, users await more details on whether crypto features will be involved. For now, X has focused on traditional financial tools as it prepares its new payment ecosystem.
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