The launch of X Money has moved into a high-profile limited external beta, sparked by recent social media activity from Elon Musk and William Shatner.
Summary
- X Money has entered a high-profile external beta, highlighted by posts from Elon Musk and William Shatner promoting early access.
- The initial version focuses on peer-to-peer fiat payments, a debit card, and cash deposits with up to 6% APY, despite speculation about future crypto integration.
- Musk continues pushing X toward becoming a single hub for financial services, with the platform already holding money transmitter licenses across 40+ U.S. states.
While speculation regarding cryptocurrency integration is high, current reports indicate the initial rollout focuses primarily on fiat services.
Shatner tapped for X Money beta rollout
Actor William Shatner recently confirmed his involvement in the beta, posting about the “42nd X Money opportunity”. With X’s permission, Shatner has been auctioning invites to the payment service for charity. His posts revealed key features of the service, including:
- 6% Annual Percentage Yield (APY) on cash deposits.
- A $25 welcome gift for new beta users.
- An all-black X debit card offering cashback on eligible purchases.
Musk’s “Everything App” vision
Elon Musk reinforced the significance of the launch by retweeting screenshots of the new interface and debit card.
He also share a post from Teslaconomics on X Money stating, “This will be big”.
Musk has described X Money as the “central source of all monetary transactions,” aiming to eliminate the need for traditional bank accounts. This move returns Musk to his roots at X.com, the online bank he founded in 1999 that eventually became PayPal.
X Money is currently in closed internal testing, with a broader, limited external beta expected to expand in March and April 2026. The platform has already secured money transmitter licenses in over 40 U.S. states and is registered with FinCEN.
Regarding crypto, although Musk has hinted at future support for assets like Dogecoin, the current beta focuses on peer-to-peer fiat transfers and Visa-partnered payments.
However, the inclusion of “Smart Cashtags”—intended for seamless in-app trading—suggests that official crypto and stock integration may follow shortly after the initial launch.
