Elon Musk’s social media platform, X, is preparing to roll out a range of financial features that will allow users to manage payments and investments directly within the app starting in 2025.
In an interview with the Financial Times, X CEO Linda Yaccarino revealed that the platform aims to become a one-stop destination for financial activity, saying that users will eventually be able to “handle their entire financial lives” on X—from peer-to-peer payments to investment management.
The company is also exploring the idea of launching a custom-branded credit or debit card under the X name, potentially by the end of the year.
X’s expansion into financial services has been anticipated, especially after Musk confirmed internal testing of the upcoming X Money app—a financial and banking tool.
In a social media reply dated May 25, Musk stressed the importance of caution during the app’s trial phase, stating that “people’s savings are at stake.”
The official X Money account has hinted at a full release sometime in 2025.
Yaccarino mentioned that the app will debut in the United States first, describing it as an integrated financial and commercial platform.
No Crypto Mention – For Now
So far, neither Musk nor Yaccarino has stated whether digital assets like cryptocurrencies will be part of X Money’s ecosystem. This is notable given Musk’s long-standing support for Dogecoin (DOGE), the popular meme-based cryptocurrency.
Back in March 2024, Musk suggested that Dogecoin might one day be accepted for Tesla purchases, although no concrete timeline was provided. This led many in the crypto space to speculate that broader crypto integration could be on the horizon for Musk’s companies.
While X has yet to reveal any plans involving crypto, other major players are making moves. Visa is advancing stablecoin adoption across Africa through its work with Yellow Card Financial, which has processed over $6 billion in transactions since 2019.
Meanwhile, major U.S. banks are entering the space as well. JPMorgan Chase recently applied for a trademark for its new JPMD deposit token, designed to support a variety of digital asset services.
On Tuesday, the bank announced that it would begin testing JPMD transactions using Coinbase’s Base blockchain network.
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