XMoney, the payment system integrated into Elon Musk’s social media platform, is gearing up for an external beta release following a successful internal test phase. This development was announced recently by Musk, who stated that the platform has been in a closed beta phase for an extended period. The external beta is expected within the next month or two, with an ultimate goal of making it accessible to all users of the platform worldwide.
What makes XMoney significant? The service is designed as a hub for various financial transactions within the app, aiming to transform the platform into a multifaceted tool for users. The combination of XMoney with other features like XChat and enhanced communication capabilities potentially positions the app as essential for daily user activities. Musk envisions a future where users can manage all aspects of their lives through the app, extending beyond just social interactions to include financial dealings.
The initiative builds upon substantial groundwork laid over the past year. In early 2025, X began exploring digital wallet functionalities, allowing users to conduct peer-to-peer payment transactions in conjunction with Visa. This advancement followed the rollout of XChat, an encrypted messaging service designed to streamline direct communications while ensuring privacy similar to that found in cryptocurrency systems.
Since Elon Musk's acquisition of Twitter in October 2022, rebranded now as X, the platform has broadened its scope from microblogging to encompass AI tools, extensive video capabilities, and now, a structured financial infrastructure. Although no specifics have been provided regarding the integration of cryptocurrency within XMoney, prior statements from the previous CEO indicated aspirations for investment and trading functions that could incorporate digital assets into the financial ecosystem of the platform.