Elon Musk said during an xAI presentation on Feb. 11 that X Money, the digital payments system for his social media platform X, is running in closed internal beta and could expand to a limited external beta within one to two months before a worldwide rollout to the platform's more than 600 million active users.
What Happened: X Money Nears Public Beta
Musk disclosed the timeline during xAI's "All Hands" event, where he also discussed the AI venture's reorganization.
"We actually have X Money live in closed beta within the company, and we expect in the next month or 2, to go to unlimited external beta, and then go worldwide to all X users," Musk said.
X Money has secured money transmitter licenses in more than 40 U.S. states. The platform has also established a partnership with Visa to support its payments infrastructure.
Musk described the service as "the central source of all monetary transactions," adding: "It's really going to be a game-changer." The payments feature is part of his broader push to turn X into a so-called "super app" modeled after Asia's all-in-one platforms such as WeChat, combining social networking, messaging, commerce and financial services.
X currently claims more than 1 billion installs worldwide. "If you wanted to, you could live your life on the X app," Musk said.
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Why It Matters: Crypto Speculation Grows
The announcement has fueled speculation about whether X Money could eventually integrate cryptocurrency payments, though no such feature has been confirmed. Two tokens have drawn particular attention from investors building their own narratives around the platform.
Dogecoin (DOGE) remains closely tied to Musk's personal brand, and past comments from Musk suggesting the meme coin could be suitable for micropayments have kept speculation alive. Separately, XRP (XRP) has drawn interest because Cross River Bank, a financial partner working with X on payment processing, has used Ripple's protocol for cross-border transfers since 2014.
Neither DOGE nor XRP showed significant price movement following the announcement. The actual impact of X Money on crypto markets and the broader financial system will depend on what the platform looks like once it officially launches.
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