Overview

• Elon Musk confirmed that X Money will launch soon in a very limited access beta to ensure users’ savings are protected.
• X is partnering with Visa to let users connect debit cards for instant peer-to-peer transactions through their X Wallets.
• Tech industry insiders say Musk plans to secure licenses in all 50 states before expanding X Money beyond the initial beta group.
• The service is expected to support digital payments and could eventually include crypto transactions, although no mention of crypto or Dogecoin appeared in the latest announcement.
• The beta launch advances Musk’s vision of transforming X into an "everything app" by integrating social media, payments and banking services.