Elon Musk says X Money will go live in an external beta within the next one to two months, marking a major step in his plan to turn X into an “everything app.” He shared the timeline during an “All Hands” presentation at his AI company, where he confirmed that the payments system already runs in closed beta internally.
Musk described X Money as a central hub for financial activity. “This is intended to be the place where all money is. The central source of all monetary transactions,” he said, calling the feature a potential “game changer.” The company will first release the product in a limited beta before expanding access globally.
The rollout follows growing competition in the digital payments space. As seen in recent crypto payments expansion efforts and exchange-driven fintech integrations, platforms increasingly combine social media, AI, and finance to drive engagement.
Payments Power X’s “Everything App” Vision
Musk positions payments as a core driver of daily usage. He said X has 1 billion installed users, while the average monthly active users stand at around 600 million. By integrating payments, messaging, content, and AI tools, he wants users to rely on one platform for most of their digital life.
The concept is similar to that of China’s WeChat, which integrates social networking, money transfer services, and various functions within a platform. However, Musk expects that X can follow the same pattern on a global scale.
He has advocated for the integration of payment processing since his acquisition of Twitter in 2022. He has been driven by this desire since 1999, when he founded X.com, which later merged with PayPal. Thus, this is a factor behind his interest in payments.
X has already partnered with Visa, which implies that fiat currencies will be implemented first. Although Elon Musk supports the utilization of Dogecoin and other cryptocurrencies, no information is yet available about cryptocurrencies in the near future. Analysts are already speculating about the implementation of fiat first and then maybe cryptocurrencies.
Information on the overall product plan for X can be found on their platform page under https://x.com/. Information regarding the payment infrastructure of Visa is still accessible under https://www.visa.com/.
xAI Expands Compute to Support Growth
During the same presentation, Musk also talked about growth at xAI. According to Musk, his organization can implement its AI computing faster compared to others. He showcased an expanded data center in Memphis, Tennessee, which adds 220,000 additional graphics processing units.
He stressed that large-scale computing powers the AI models that users experience daily. “It’s absolutely fundamental to have large-scale training compute to get the best models,” he said.
The payments rollout and AI expansion reflect a unified strategy. Musk wants X to combine communications, AI tools like Grok, and financial services into a seamless digital ecosystem. If the beta succeeds, X Money could significantly increase user retention and engagement.
For now, the limited beta will test infrastructure, compliance systems, and user experience before a wider global rollout. Musk’s timeline suggests a decisive push to make payments integral to X’s evolution.
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