Since Elon Musk’s acquisition and rebranding of Twitter to X, the company has been working towards becoming an „everything app,” similar to China’s WeChat. The introduction of ‘X Money’ is a significant step in this direction.
Elon Musk’s X chief executive Linda Yaccarino has said payments will be coming to the social media company Musk bought and rebranded from Twitter in 2025 after the company has slowly built up state licenses to handle transactions.
„It seems like X plans to launch X Money in the U.S. before getting approval in all 50 states,” MacRumors contributing researcher Aaron Perris posted to the platform alongside a screenshot of the code, which hasn’t been verified by the company itself.
On December 31, in the last post of 2024, X chief executive Linda Yaccarino confirmed payments will be coming to the social media platform in 2025 in the form of X Money along with a raft of other features, telling people to „buckle up.”
The story was confirmed by Yaccarino this week at the Consumer Electronics Show (CES) 2025., in Las Vegas, where she announced the upcoming launch of „X money” set to revolutionise both payments and creator opportunities on the platform.
X Money’s confirmation has sparked wild speculation that the platform could use or support bitcoin, crypto or dollar-pegged stablecoins that use crypto technology to speed up and reduce the cost of transactions, with Musk’s rocket company SpaceX recently being linked to Tether’s dominant USDT stablecoin.
„X payments in one way or another will support cryptocurrency,” Finn predicted in an X broadcast. „Crypto will probably be a good amount of rails for [X] payments.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
