Elon Musk’s X Prepares to Offer Payments and Investments Within Its App ⋅ Crypto World Echo
Elon Musk’s social media platform, X, is preparing to addfinancial services. Users will be able to make payments and investmentsdirectly within the app.
Linda Yaccarino, CEO of X, said in an interview with theFinancial Times that the platform’s 600 million users will eventually “be ableto transact [their] whole life on the platform.”
X Money App Launches in US
This move into financial services follows Musk’sconfirmation that beta testing is underway for the X Money payment and bankingapp. Musk emphasized that “extreme care must be taken” during the pilot, since“people’s savings are involved.”
The company is also considering launching an X-brandedcredit or debit card, possibly later this year. As of 2025, X.com has about 611million monthly active users, according to Demandsage.
Yaccarino told the Financial Times that the X Money app willfirst launch in the US. She described it as a “whole commerce ecosystem and afinancial ecosystem.”
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BREAKING: X TO OFFER INVESTMENT AND TRADING IN ‘SUPER APP’ PUSH – PER FINANCIAL TIMES pic.twitter.com/tL1BRWSe2l
— DEGEN NEWS (@DegenerateNews) June 19, 2025
X’s Crypto Payment Plans Remain Unclear
Neither Yaccarino nor Musk has confirmed if cryptocurrencypayments will be included in X’s financial services. Musk is known forsupporting Dogecoin, a popular meme coin launched in 2013.
In March 2024, Musk said Dogecoin might be used to buyTeslas “at some point,” without giving a timeline. Some crypto users took thisas a possible sign of future crypto payment support across Musk’s companies.
While X has not confirmed crypto payment plans, other firmsare advancing digital asset payment solutions. Visa is promoting stablecoin usein Africa through a partnership with Yellow Card Financial, a payment processorthat has handled over $6 billion in transactions since 2019.
This article was written by Tareq Sikder at www.financemagnates.com.
