Elon Musk Cosigns X Money Post, But Does It Have Anything To Do With Dogecoin?

bitcoinistОпубліковано о 2026-03-07Востаннє оновлено о 2026-03-07

Анотація

Elon Musk's plans for a financial services app, X Money," are advancing, with the platform aiming to become a Western version of China's WeChat by integrating communication and financial transactions. The app is designed to allow users to manage all financial activities—including payments, savings, investments, and loans—without leaving X or relying on traditional banks. Internal testing is underway, and an external beta is expected soon. Despite Musk’s well-known support for Dogecoin, which surged 33,000% in 2021 partly due to his endorsement, the post he endorsed made no mention of the cryptocurrency. While Dogecoin is accepted for Tesla merchandise, it has not been officially integrated into X’s payment system, leaving its role in X Money uncertain.

Elon Musk’s intentions to launch a financial services app have not been a secret, but the question mostly has been how Dogecoin fits into that dream. Musk was the primary reason for Dogecoin’s legendary 33,000% rally back in 2021, calling it his favorite cryptocurrency. Now that the billionaire has secured money transmission licenses in over 40 US states, the dream looks to be coming true. Following this, an X user, who goes by Teslaconomics, has broken down why X Money will be a game-changer.

The Future Everything App

The X post focused on Elon Musk’s X Money and what the billionaire plans to do with it. Essentially, X Money is expected to be the western version of WeChat, a Chinese app that allows users to communicate, as well as transact, all in one place.

According to Musk’s previous comments, he plans to make it possible that X users to do everything finance-related without having to leave the app. This even goes as far as not needing a traditional bank for transactions, being able to get paid in the app, pay bills, etc.

Another major thing that the user highlights is that X Money would allow users to actually have high-yield savings. Additionally, investment options are to be made available, as well as sets being able to access loans, operate money market accounts, with the possibility of treasury access.

Perhaps the most interesting thing about the post is the fact that it highlights that the X Money feature is already being tested internally. Furthermore, a limited external beta test is expected to roll out soon, which means this financial app may be closer to reality than people think.

Can Dogecoin Still Make The Cut?

While the X Money feature is getting a lot of attention and Musk cosigned the Teslaconomics post, there has been no mention of Dogecoin anywhere. The anticipation that Dogecoin would become a payment method on X has been high since Musk acquired the crypto platform and added the option for crypto tips. However, an official Dogecoin payment method has yet to be announced.

Nevertheless, there are still areas where Musk has shown support for Dogecoin payments. One of these is acceptance of Dogecoin as a payment method for Tesla merchandize. However, there has been no official integration on the X app.

DOGE tanks despite news of X Money | Source: DOGEUSDT on TradingView.com

Пов'язані питання

QWhat is the main reason for the high anticipation around Dogecoin's role in Elon Musk's financial services app?

AElon Musk was the primary reason for Dogecoin’s legendary 33,000% rally in 2021, calling it his favorite cryptocurrency, leading to expectations it would be integrated as a payment method on X.

QAccording to the article, what is X Money expected to be similar to?

AX Money is expected to be the western version of WeChat, a Chinese app that allows users to communicate and transact all in one place.

QWhat major financial feature, besides payments, will X Money reportedly offer users?

AX Money would allow users to have high-yield savings, access investment options, loans, money market accounts, and possibly treasury access.

QWhat stage of development is the X Money feature currently in, as mentioned in the post?

AThe X Money feature is already being tested internally, and a limited external beta test is expected to roll out soon.

QDespite Musk's support for Dogecoin, where is it officially accepted as a payment method according to the article?

ADogecoin is accepted as a payment method for Tesla merchandise, but there has been no official integration on the X app itself.

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