Elon Musk’s X is getting money and here is everything that we know about it
Elon Musk has recently confirmed that X money, a digital payment service, is soon rolling out, but will be launched in the first beta phase.
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In short
- Elon Musk’s X soon to roll out its first digital payment service
- Musk has confirmed that the service will be out in the first beta phase
- This is a step towards making X everything-app
Elon Musk’s X (East was known as Twitter) is ready to launch its first digital payment service, X money later this year. In a post, Musk confirmed that the service would be in the best phase first, but with limited access. The service has been in the pipeline for many years, the head of Tesla and SpaceX, Alon Musk has left indications about its development since receiving the platform. Although Musk has not yet confirmed an official launch date, he recently revealed that X Money’s underlying infrastructure is close to being ready for limited beta tests. These initial tests will be an important step before the facility is available for the comprehensive public. Here everything we know about the upcoming
X Money is coming soon: Here is everything we know
The introduction of a native payment system becomes a central part of Musk’s widespread ambition to develop X in “everything app” – a multidisciplinary platform that goes to include messages, commerce and financial services beyond social media. With X Money, users are expected to get access to the user -friendly ways to send and receive funds directly within the app, aligning the platform more closely with popular apps such as WhatsApp.
While the full details about the service remain under wrapping, the planned beta phase suggests that development is constantly moving forward, which is a step close to a step, which is close to its goal of turning X into a digital hub for everyday life.
On Monday, a post by @Teslaopnesv on X claimed that X Money would soon launch and introduce a suit of payment and banking facilities.
In response, Musk warned that the initial release would be highly restricted, saying, “When people’s savings are involved, excessive care should be taken.” X Money is expected to support cryptocurrency payments, with a major player in bitcoin rollouts. According to reports, Musk is also collaborating with a veteran company visa of financial services to enable spontaneous transactions through the upcoming platform. The official X handle for payment service confirms that a public launch is scheduled for 2025.
Since obtaining the platform in October 2022, Musk has introduced several changes, including a membership-based verification system and an increase in mudification options for material creators. Several reports have revealed that the purpose of Musk is to secure approval in all 50 American states before the full -scale launch of X Money earlier next year. If successful, the service can significantly change how users interact on the platform, possibly allow them to send, receive money without leaving the app, receive and manage money.
Musk’s commitment to the project seems acute. In a recent post on X, he wrote, “Back to 24/7 to spend the work and sleep in the conference/server/factory room,” underlining the demands of his current charge. He also referred to the need to focus on several high-primary undertakings, including X, XAI, Tesla and an upcoming starship launch, indicating a temporary return from their political activities.
With payment, banking and crypto integration on the horizon, X money can mark a significant change in Musk’s ambition to re -prepare the social platform as a central center for communication, finance and digital services.
