TLDR
- X Money will launch limited external beta in 1-2 months after completing internal company testing
- The payment system aims to serve as a central hub for all financial transactions on the X platform
- X currently has 1 billion installed users but around 600 million monthly active users
- The service is part of Musk’s plan to turn X into an “everything app” similar to WeChat
- X Money will initially focus on fiat currency through a Visa partnership, with potential crypto integration in the future
Elon Musk announced that X Money will enter limited external beta testing within the next one to two months. The payment system has already completed closed beta testing within the company.
Since xAI was formed just 30 months ago, the small and talented team has made remarkable progress.
The future has never looked more exciting! pic.twitter.com/QZ73H2mpBj
— xAI (@xai) February 11, 2026
Musk made the announcement during his AI company xAI’s “All Hands” presentation on Wednesday. He described X Money as intended to be “the central source of all monetary transactions” on the platform.
The tech billionaire called the upcoming payment system a “game changer.” X Money is designed to handle peer-to-peer transfers and other financial activities within the app.
The service represents a key part of Musk’s vision to transform X into an “everything app.” This concept mirrors WeChat’s model in China, combining social networking, messaging, content, and financial services.
X Money as Part of Broader Platform Strategy
Musk stated that X Money is meant to give users more reasons to engage with the platform daily. He mentioned that users could potentially “live your life on the X app” through its expanded features.
The platform currently has 1 billion installed users. However, monthly active users number around 600 million, according to Musk.
X began beta testing digital wallet capabilities in early 2025. The company partnered with Visa for person-to-person payments functionality.
The platform recently launched XChat, an encrypted messaging system. Musk has compared its privacy protections to Bitcoin-level encryption.
Musk’s Payment History and Future Plans
Musk’s interest in digital payments dates back to 1999. He co-founded X.com, an online bank that merged with Confinity to become PayPal.
eBay later acquired PayPal. Musk has been pushing for payment features on X since acquiring Twitter for $44 billion in October 2022.
The initial focus for X Money will be fiat currency through the Visa partnership. Crypto integration remains unclear, though the Blockchain Council reports future support is planned.
xAI Data Center Expansion
Musk also discussed xAI’s growth during the presentation. The company expanded its “Macroharder” data center in Memphis, Tennessee.
The expansion adds 220,000 graphics processing units to the existing facility. Musk said xAI can “deploy more AI compute faster than anyone else.”
Former X CEO Linda Yaccarino previously confirmed plans for investment and trading capabilities. This suggests digital assets could eventually be integrated into the platform’s financial ecosystem.
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