Elon Musk’s ‘X Money’ Enters Testing — Could the Super App Vision Reshape Payments and Crypto?

Internal trials are underway, licenses are secured across the U.S., and speculation is already swirling about Dogecoin, XRP, and the future of digital finance.

Elon Musk’s long-promised transformation of X — the platform once known as Twitter — is moving from ambition to infrastructure.

The missing cornerstone of Musk’s “Everything App” vision, X Money, has quietly entered internal testing, signaling that X is preparing to expand far beyond social media into the world of payments, commerce, and potentially financial services at scale.

If successful, the move could redefine how hundreds of millions of users interact with money online — and open the door to new intersections between fintech and crypto.

For years, Musk has hinted that X would evolve into something closer to a digital operating system for daily life — a platform where users could chat, shop, pay bills, and manage assets without leaving the app.

Now that concept is beginning to materialize.

During a February 2026 xAI “All Hands” presentation, Musk confirmed that X Money is already running in a closed beta among company employees, with a limited public rollout expected within the next one to two months.

Rather than acting as a standalone wallet, X Money is designed as an integrated layer across the platform, connecting messaging, commerce, and payments into a single ecosystem.

Unlike many tech-led payment experiments, X Money appears to be launching with substantial regulatory preparation.

The company has secured money transmitter licenses in more than 40 U.S. states, a crucial step toward operating legally as a payments intermediary. It has also formed partnerships with established financial infrastructure players, including Visa, signaling that the project is being built to interface directly with traditional payment rails.

This hybrid approach — blending fintech compliance with a consumer social platform — mirrors the strategy behind China’s WeChat, often cited as the model for Musk’s super app ambitions.

Musk’s long-term objective is sweeping: grow X’s monthly active user base beyond 600 million and eventually approach the 1 billion-user threshold.

Payments are expected to play a key role in that expansion.

Analysts believe embedding financial services into the platform could increase user engagement, turning X from a place people visit into a platform they rely on daily for both communication and transactions.

In essence, Musk is attempting to build a Western counterpart to Asia’s integrated “app economies,” where social interaction and financial activity coexist seamlessly.

Although X has made no official commitment to supporting cryptocurrencies, the mere possibility has ignited speculation across digital asset markets.

Many investors see X Money as a potential distribution channel capable of introducing crypto functionality to a massive global audience — even if indirectly.

Two narratives have gained the most traction:

Dogecoin enthusiasts point to Musk’s long-standing public affinity for the meme coin and his past remarks suggesting it could function well for micropayments.

Because X is expected to support small, frictionless transactions — tipping, subscriptions, and in-app purchases — some believe DOGE could align naturally with that use case.

Another theory revolves around Cross River Bank, a financial partner helping facilitate X’s payment flows.

The bank has collaborated with Ripple technology since 2014 to enable real-time cross-border settlement between the U.S. and Europe, leading some analysts to speculate about indirect ties to the XRP ecosystem.

Despite the buzz, neither Dogecoin nor XRP has shown significant price movement tied to X Money’s development.

The muted reaction suggests traders are waiting for concrete implementation details rather than reacting to speculation alone.

Until X formally confirms whether digital assets will be supported — or how — the crypto connection remains theoretical.

Whether crypto becomes part of the equation or not, X Money represents a bold attempt to merge social media scale with financial infrastructure — something Western tech platforms have struggled to achieve.

If the rollout succeeds, it could:

Yet execution risks remain high. Integrating compliance, payments, and user experience across multiple jurisdictions is a far more complex challenge than building a social network.

With a limited external beta expected soon, the coming months may reveal whether X Money is simply another tech experiment — or the foundation of Musk’s most ambitious transformation yet.

For crypto markets, the stakes are equally intriguing.

If even a fraction of X’s global user base gains access to integrated digital payments — with or without blockchain — the ripple effects across fintech and digital assets could be substantial.

Until then, investors, regulators, and competitors alike are watching closely as X takes its first steps toward becoming the super app Musk has envisioned for years.