Tesla CEO Elon Musk is moving ahead with plans to launch 'X Money', a digital payments feature on his social media platform X. Reports have emerged that internal testing for the digital currency is already underway, with a limited public rollout expected within the next one to two months.
Musk, who bought Twitter in 2022 and later rebranded it as X, has long said that he wants to turn the platform into an “everything app.” According to a report by Forbes, Musk is now teasing the long-awaited X Money, giving hints about what to expect from the platform.
Also Read | X Tightens Rules On AI War Content, Suspends Monetisation For Violations
What Is X Money?
“This will be big,” Elon Musk said on Wednesday in response to an X post about the upcoming launch of X Money.
The original post, shared by a page called Teslaconomics, said X Money would likely start as a simple wallet that lets users send money as easily as a direct message. It added that the feature could allow people to pay creators, buy subscriptions, shop within the app, pay bills and receive payments directly on the platform.
While Musk did not confirm these details, he has assured his fans that the upcoming platform will be something “big”.
Also Read | Musk To Testify In Twitter Investor Case Accusing Him Of Fraud
How Will X Money Work?
During an xAI “All Hands” presentation in February 2026, Musk said that X Money is already running in a closed beta inside the company and will soon move to a limited external test before a wider rollout.
The billionaire explained that the goal is to make X a central place for financial activity. He said it could become the main hub for transactions on the platform and described it as a potential “game-changer,” according to a report by Economic Times.
What Is The Status Of X Money?
So far, X Money has secured money transmitter licenses in more than 40 US states and partnered with major payment company Visa, according to a Forbes report.
Based on the ET report, as part of the broader reforms, Musk has also set a bold target for the X platform, pushing its monthly active users beyond 600 million and eventually reaching one billion, drawing comparisons to China's WeChat-style super app model.
William Shatner Shares X Money Beta Features
The company has started offering select users access to the X Money beta. For this, Musk has partnered with actor William Shatner, inviting participants in exchange for a $1,000 donation to Shatner's charity, TechCrunch reported.
Shatner recently shared details about the X Money beta rollout and some features planned for early users. In posts on X, he said the service could offer a 6% annual percentage yield (APY) and a $25 welcome bonus. Users will also be able to link their bank accounts to the platform.
Screenshots shared by him showed that X Money may include a debit card with cash-back rewards. The company is also planning a personalised metal debit card with a user's X handle and no foreign transaction fees, as per a Finviz report.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.