Elon Musk announced that the built-in payment system XMoney within the X platform has completed internal closed testing. It is expected to launch a limited external beta in the next one to two months, followed by gradual rollout to users worldwide. This feature is positioned as a core financial module within the X ecosystem, supporting in-app peer-to-peer transfers and various currency trading scenarios.
Musk stated that XMoney will be deeply integrated with communication features like XChat to form a unified “in-platform financial hub,” encouraging users to continuously use X across social, payment, and communication scenarios. He emphasized that the goal is to enable users to “accomplish everything they need in one app” and to drive the platform toward a long-term vision of over one billion daily active users.
This plan builds on technological groundwork laid over the past year. In early 2025, X partnered with Visa to test digital wallets and peer-to-peer payment functions. The recently launched XChat introduced end-to-end encrypted communication, which Musk described as a “privacy protection solution approaching Bitcoin-level security,” laying the foundation for financial features.
Since acquiring and rebranding as X in 2022, Musk has continuously expanded the platform from a traditional social network into a multifunctional super app, encompassing AI tools, long-form video content, and payment infrastructure. Although whether XMoney will integrate cryptocurrencies has not been disclosed, former CEO Linda Yaccarino mentioned that X will also offer investment and trading services in the future, indicating that digital assets may become an important part of its financial ecosystem.
As XMoney enters the external testing phase, the market generally believes that this system could change the way social platforms and financial services are integrated, further solidifying X’s strategic position in the global digital payments and social fusion race.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Drift Protocol: begins developing a recovery plan, participates in the STRIDE security program
Drift Protocol is developing a recovery plan to stabilize the situation and protect affected users, and to participate in the STRIDE security program by the Solana Foundation. This attack was orchestrated by a North Korean intelligence organization named AppleJeus, involving social engineering and technical infiltration, resulting in an estimated loss of about $285 million in funds, highlighting that the DeFi ecosystem faces major security challenges.
MarketWhisper1h ago
The market predictor ADI Predictstreet will launch on April 9, and has become the official World Cup 2026 partner.
Gate News update: On April 8, according to the ADI Predictstreet official website, the prediction market platform ADI Predictstreet will go live officially on April 9. Previously, the platform had reached a multi-year cooperation agreement with FIFA, becoming the official prediction market partner for the 2026 World Cup.
GateNews1h ago
Drift Protocol announced a hacker incident recovery plan and will participate in the Solana Foundation STRIDE security mechanisms
Gate News update: On April 8, Drift Protocol posted an update on the incident response process for the hack. Drift said that it is currently actively working with asymmetric research and OtterSec to develop a coordinated and aligned recovery plan. At this stage, the primary focus is to stabilize the situation and provide protocol-level assurances for all affected users and partners. In addition, Drift will participate in a security mechanism under the Solana Foundation.
GateNews1h ago
Jupiter launches a token verification API, supporting integration with Launchpad, DEX, and AI agents
The decentralized exchange aggregator Jupiter launched a Token Verification API (VRFD) on April 8, allowing developers to implement programmatic verification during token creation. The API uses a three-step process; developers must burn 1,000 JUP tokens to submit a verification request, and it requires no Gas fees. The initiative aims to become the standard foundational infrastructure for Solana projects.
GateNews2h ago
Sky Protocol proposes two major structural upgrade plans to strengthen the capital protection framework
Sky Governance submitted two upgrade proposals on April 7, aiming to strengthen the protocol’s capital protection by implementing a stronger solvency-capability buffer and a sustainable staking rewards model, improving long-term stability and focusing on credibility rather than short-term returns.
GateNews3h ago
DeepSeek launches two new features: a quick mode and an expert mode
Gate News message, April 8, DeepSeek’s website and app launched two new modes early this morning. Among them, the Quick mode is for everyday conversation scenarios, providing instant responses; the Expert mode is designed for complex problems and supports deep-thinking functionality, but it requires waiting during peak hours and does not support attachment or voice upload.
GateNews4h ago
