X Money, the upcoming payments platform tied to Elon Musk’s vision for an “everything app,” is expected to launch in a limited beta within the next two months before expanding to users globally on X.
Musk shared the updated timeline during his AI company’s “All Hands” presentation on Wednesday, noting that the service is already operating in a closed beta internally.
“This is intended to be the place where all money is — the central hub for every monetary transaction,” Musk said, describing the initiative as a “game changer.”
Payments Central to X’s “Everything App” Strategy
The payments feature is being positioned as a cornerstone of X’s broader “everything app” vision, aimed at making the platform more indispensable to users. By integrating financial services, X hopes to drive daily engagement and expand beyond social media.
Musk said the platform has reached 1 billion installs, with approximately 600 million monthly active users.
X Money — long rumored for release last year — is expected to be built directly into the X platform. The goal is to create a unified app that combines social networking, messaging, content consumption, and financial services, drawing comparisons to China’s WeChat.
“As we give people more reasons to use the X app — whether it’s for communications, for Grok, or for X Money — we want it to be such that, if you wanted to, you could live your life on the X app,” Musk said.
Musk has been pursuing payments integration since acquiring Twitter in 2022. The push also reflects his early fintech roots: in 1999, he co-founded X.com, an online banking startup that later merged with Confinity to form PayPal, which was eventually acquired by eBay.
While crypto integration remains unclear, Musk has previously expressed support for Dogecoin. However, the initial rollout is expected to focus on fiat payments, particularly as X has partnered with Visa. The Blockchain Council has suggested that crypto support could be added in the future.
xAI Expands “Macroharder” Data Center
Musk also emphasized rapid growth at his AI company, xAI, claiming it can “deploy more AI compute faster than anyone else.”
He highlighted the expansion of the company’s “Macroharder” AI data center in Memphis, Tennessee. The upgrade adds 220,000 additional graphics processing units (GPUs) to the facility.
“All this will be training the models that you experience,” Musk said. “It’s absolutely fundamental to have large-scale training compute in order to build the best models.”
