Recent developments suggest that the launch of X Money, a payments system stemming from Elon Musk’s X platform, might be imminent. This speculation arose following the unveiling of new software code, fueling anticipation that the service could go live any moment now. The code in question contained a notable line, “X Money is not available in your state,” which has led industry observers, including entrepreneur Alex Finn, to speculate that the service could commence in the U.S. without full nationwide approval.
Currently, X has secured money transmitter licenses across 39 states, although it’s yet to complete this process for the remaining 11, thus preventing a universal rollout. Despite these hurdles, the introduction of X Money would enable users to tip content creators on the platform. Given Elon Musk’s past endorsements of digital currencies like Bitcoin and Dogecoin, there is conjecture that cryptocurrencies could play a significant role in the operation, offering a swift mechanism for currency transfers.
X CEO Linda Yaccarino recently reiterated that X Money is scheduled to launch in 2025, although the recent activity suggests the timeline could be accelerated. The legitimacy of the leaked source code, initially highlighted by MacRumors’s Aaron Perris, remains unconfirmed by X.
If confirmed, X Money’s initial launch would occur in the states where the requisite licensing is complete. Limitations remain in several states, including New York, Massachusetts, and Washington, among others. As the potential launch date approaches, the cryptocurrency community continues to speculate about the possible inclusion of digital assets in the X Money ecosystem, especially considering Musk’s current ventures like Tesla, which accepts Dogecoin for purchases.
This latest development aligns with a broader curiosity regarding X’s future plans in the financial sector, as industry watchers eagerly await official confirmation and further details on its proposed functionalities and integrations.
