Elon Musk Confirms Limited Beta Testing for X Money Ahead of 2025 Launch
X Money, Elon Musk’s long-anticipated payment and banking platform, has officially entered its beta testing phase, according to a May 25 post on X (formerly Twitter) from Musk himself. The confirmation marks the first public acknowledgment of testing for the financial feature Musk hinted at as early as 2022.
🚨BREAKING: Confirmed by Elon — X is launching X Money soon 💸📲
Payments. Banking. The everything app just got even bigger. pic.twitter.com/vVHszUKQC8
— Tesla Owners Silicon Valley (@teslaownersSV) May 25, 2025
In response to a fan account celebrating the upcoming rollout, Musk confirmed the beta phase had begun, noting, “This will be a very limited access beta at first. When people’s savings are involved, extreme care must be taken.”
Launch Expected in 2025
X Money is expected to launch in 2025, according to updates shared by the platform’s official X account. Reports about the platform’s development began circulating in January 2024 after apparent software code leaks hinted at an imminent launch.
To prepare for the service’s deployment, Musk’s company has been aggressively acquiring money transmitter licenses across the United States. As of late May, X Money has secured licenses in 41 states, based on filings from the Nationwide Multi-State Licensing System.
From Twitter to the “Everything App”
Musk’s ambitions for X Money trace back to his 2022 acquisition of Twitter. At the time, he described the $44 billion deal as “an accelerant to creating X, the everything app.” In 2023, Twitter officially rebranded to X, and CEO Linda Yaccarino confirmed that the company’s vision included “unlimited interactivity,” multimedia support, and integrated payments and banking.
These plans have fueled speculation about whether X Money will include support for cryptocurrencies such as Bitcoin (BTC), especially as Musk has previously voiced interest in digital assets.
A Polarizing Vision
Musk’s plans to integrate financial services into X have sparked both excitement and concern. His efforts gained momentum after he was appointed to lead the Department of Government Efficiency’s Workforce Optimization Initiative (DOGE) by US President Donald Trump earlier this year.
However, the move drew criticism from several lawmakers. In February, US Senator Elizabeth Warren expressed alarm over the potential implications of Musk gaining access to personal financial data through X Money.
“Musk has lost money hand over fist on X. So he has this idea of X becoming a big money platform where he would get everyone’s personal financial data,” Warren said, referencing Musk’s broader efforts to scale back financial regulatory oversight.
What’s Next for X Money?
While Musk has kept specific details under wraps, the confirmation of a limited beta rollout suggests that the groundwork for X Money’s full launch is well underway. If successful, the platform could reshape the fintech landscape by offering peer-to-peer payments, banking services, and potentially cryptocurrency integration — all within the X app ecosystem.
With a full launch expected in 2025, X Money could soon position itself as a central hub for social and financial activity, reflecting Musk’s vision of building an all-in-one “everything app” for the modern digital economy.
