TechFlow news, on May 27, according to Jinshi Data, Musk's payment and banking application X Money has begun testing. The X account "Tesla Owner Silicon Valley," which focuses on Musk and Tesla news, reported on X that Musk has confirmed the platform is "coming soon with X Money." Musk later verified this on an X post, writing, "Very small beta test first. When it comes to people's savings, you have to be extra careful."
Prior to Musk's confirmation of X Money testing, multiple reports indicated the platform might launch as early as January this year due to alleged software code leaks. According to licensing data from multiple U.S. states, X has been actively securing money transmission licenses for X Money and has obtained 41 such licenses so far.
Musk's plan to integrate payment functionality into X dates back to October 2022, when he acquired Twitter for $44 billion, stating his intention to "accelerate the development of X, an everything app."
