Elon Musk unveils X Money payments platform

Elon Musk, the billionaire owner of X (formerly Twitter), has confirmed that the platform will launch a payments feature called X Money later in 2025.

In a May 25 post, Elon Musk responded to Tesla Owners Silicon Valley, confirming the rollout of a limited-access beta. He emphasized caution, stating, “When people’s savings are involved, extreme care must be taken.”

The launch reflects Elon Musk’s ongoing effort to transform X into a multi-functional super app.

X Money to include debit and peer-to-peer features

X CEO Linda Yaccarino first revealed X Money plans in January. The feature will allow users to make peer-to-peer payments, use debit cards, and instantly transfer funds to their bank accounts.

Elon Musk’s X Money is being developed in partnership with Visa, bringing traditional financial infrastructure to his social media empire.

However, crypto fans were left disappointed after no mention was made of Dogecoin—a meme coin Elon Musk famously supports.

Elon Musk’s Dogecoin ties stir speculation

Many crypto enthusiasts hoped that Elon Musk would integrate Dogecoin into X Money. Musk’s long-standing affection for the coin is well-documented.

Speculation intensified when President Trump appointed Elon Musk to lead the Department of Government Efficiency (DOGE)—a title that playfully echoed the meme coin’s name.

Despite rumors, no crypto integration has been confirmed within X Money or the DOGE department.

From Twitter to X: Musk’s tech empire expands

Elon Musk acquired Twitter on October 7, 2022, for $44 billion and rebranded it as X on July 23, 2023.

In March 2025, his AI company xAI acquired X in a $33 billion all-stock deal, taking into account the platform’s $12 billion debt.

Elon Musk’s vision for X includes social media, AI, and now payments—bringing multiple technologies under one corporate umbrella.

Elon Musk’s empire spans AI, EVs, and space

With a net worth of $374 billion, Elon Musk is the richest person in the world. Beyond X, he leads Tesla, SpaceX, and xAI.

Each of these companies contributes to his broader mission of shaping the future—from clean energy to space travel to artificial intelligence.

Now, with the launch of X Money, Elon Musk adds digital finance to his growing list of industry disruptions.

What to expect next from Elon Musk and X Money

The X Money beta will be limited in scope at first. As Elon Musk emphasized, trust and user protection will be paramount.

With Visa as a partner and billions of users on the X platform, the potential for growth is massive—even without Dogecoin integration.

As always with Elon Musk, expectations are high and the execution will be closely watched by both the fintech and crypto communities.