X plans to push its payments product, X Money, beyond internal testing after a closed beta phase among employees, according to remarks Elon Musk delivered during an xAI all-hands presentation. Musk confirmed that the system already operates inside the company and has undergone staff testing before any public exposure.
“For X Money, we’ve actually had X Money live in closed beta within the company,” Musk said. “We expect in the next month or two to go to a limited external beta, and then to go worldwide to all X users.”
The timeline signals that the payments infrastructure has reached an operational stage, though the company has not provided a fixed launch date. Musk framed the upcoming external phase as intentionally limited. The company plans to select a small user group before expanding access geographically.
Payments positioned at the center of the X platform
Musk described X Money as a structural element of the platform rather than an add-on feature. He presented the service as a financial hub that would allow users to move funds without leaving the app and integrate monetary activity with communication and content consumption.
“This is intended to be the place where all money is, the central source of all monetary transactions,” Musk said, calling it a “game changer.”
He linked the payments strategy to broader engagement goals. The company has about 1 billion installed users and roughly 600 million monthly active users, Musk said. He argued that financial tools could deepen daily use across messaging, media, and social activity.
“As we give people more reasons to use the X app, whether it’s for communications, for rock, or for X Money, whatever the case may be, we want it to be such that if you want to, you could live your life on the X app,” he added.
The vision mirrors earlier statements about building a multipurpose platform that combines messaging, content, and financial activity inside one environment.
Since xAI was formed just 30 months ago, the small and talented team has made remarkable progress.
— xAI (@xai) February 11, 2026
The future has never looked more exciting! pic.twitter.com/QZ73H2mpBj
Feature scope remains limited ahead of beta
The company has not disclosed fee models, transfer limits, or the list of jurisdictions planned for the initial rollout. Selection criteria for early participants remain unclear. Technical documentation has not been released.
Early functionality will likely focus on peer-to-peer transfers between X accounts. Merchant payments and creator payouts may follow at a later stage once the ecosystem matures. Integration with communication tools and AI services such as Grok formed part of Musk’s description of the product’s direction.
The absence of detailed product specifications leaves open questions about how the system will operate in practice. Compliance requirements, onboarding procedures, and transaction monitoring frameworks have not been publicly described.
Earlier groundwork in payments and messaging
X began pursuing financial infrastructure after Musk acquired Twitter in October 2022 and rebranded the platform. The effort expanded alongside AI tools and long-form video features.
In early 2025, the company tested wallet capabilities and person-to-person payments through a collaboration with Visa, based on earlier corporate statements. The relationship signals reliance on traditional payment rails at the current stage.
The company also rolled out XChat, an encrypted messaging system that consolidates direct conversations into a single inbox. Musk compared its protections to “Bitcoin-level encryption.” X has not released technical specifications or independent audit results for those security claims.
Licensing progress and regulatory uncertainty
X Money has secured money transmitter licenses in more than 40 U.S. states, according to information tied to the project’s development. The company has not published a full list of jurisdictions or compliance frameworks for the external beta.
Regulatory oversight will shape how the service expands beyond internal testing. Questions remain around identity verification, transaction monitoring, and reporting obligations. Those elements often determine how payment platforms scale across regions.
Crypto direction remains undefined
Musk did not reference any specific digital assets or blockchain integrations during his latest remarks. The company has not confirmed whether crypto will form part of the initial release.
Speculation has emerged around potential links to Dogecoin and XRP due to Musk’s past comments and partnerships tied to payment infrastructure. No official roadmap confirms those possibilities. The current focus appears tied to fiat-based payment flows supported by existing financial partners.
Former X chief executive Linda Yaccarino has previously said the platform aims to expand into investment and trading tools beyond payments. Details about timing and scope remain limited.
A continuation of Musk’s long-term payments push
The payments initiative connects to Musk’s earlier involvement in digital finance. He co-founded X.com in 1999, which later evolved into PayPal after a merger with Confinity and a subsequent acquisition by eBay.
X Money represents another attempt to place financial services at the center of a digital platform. Internal testing marks a transition from concept to operational system. External beta access will provide the first real-world signal about adoption and functionality.
The rollout will unfold gradually. The company plans to begin with a restricted test, gather user feedback, and expand access step by step. Broader deployment will depend on technical performance, regulatory alignment, and user uptake.
For now, X positions payments as a core pillar of its transformation from a social network into a multipurpose platform. The product’s final shape will become clearer once external users begin interacting with the system.
Anastasiia G
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