Is X Money the Next Big Thing or Just a Fancy Digital Coin Trick?

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Ah, the much-anticipated X Money! It seems that this delightful little concoction will soon be at the fingertips of every user on X (formerly known as Twitter, for those who haven’t been paying attention). At a recent soirée, the ever-charismatic Elon Musk revealed that X Money is poised to enter a quaint little “external beta” phase within the next month or two, before gallivanting across the globe and delighting X users everywhere.

He added with all the gravitas of a Shakespearean actor,

“X Money is intended to be where all the money is, the central source of all monetary transactions. It’s really going to be a game-changer.”

Currently, this payment platform is undergoing a rather exclusive internal testing phase, as Musk dreams of transforming X into an “everything” super app-because, of course, we need yet another place to lose our sanity, preferably similar to China’s WeChat. He imagines that these oh-so-promising integrations will eventually attract over a billion users daily, which sounds suspiciously like a number pulled from thin air.

Will X Money support crypto?

Now, let’s talk turkey-specifically, the nitty-gritty details of X Money, which are as elusive as a Cheshire cat. As a devoted cheerleader of projects like Dogecoin [DOGE], the crypto community is abuzz with speculation about what this new payment platform could mean for their beloved sector.

Earlier this year, X Money cheerfully announced its integration with Visa, claiming it would allow peer-to-peer (P2P) payments, debit card support, instant funding, and bank transfers-a veritable cornucopia of financial conveniences! Major players like PayPal’s Venmo and JPMorgan Chase’s Zelle already offer free P2P transfers, but they’ve all hopped on the stablecoin bandwagon. Even Stripe, one of X’s partners, has embraced the crypto craze without a second thought.

It appears that nearly all traditional finance players have included crypto rails, particularly for those pesky international transfers. Besides simply tipping users on social media, X Money seems keen on diving into international markets, whether it likes it or not!

Let’s not forget Musk’s illustrious history in the payments realm as a former co-founder of PayPal. Oh, and his Tesla still holds a staggering 11,000 Bitcoin, further igniting the speculation that X Money might just embrace crypto support. Isn’t that a twist worthy of a melodrama?

Interestingly enough, Antony Scaramucci, a former White House Communications Director and avid crypto enthusiast, has thrown his hat into the ring of rumor-mongering. He boldly declared that the platform may indeed include crypto.

“And I do think that you will see X-XL whatever you want to call that conglomeration, he’s going to build a super app there, and I think he’s going to be using crypto.”

He then tossed in a cheeky remark about the potential for Musk to create his own coin, reminiscent of Telegram’s endeavors.

“Will it be his own coin, the way Telegram is doing it? Will it be a stablecoin? It will be something. I don’t know what it will be, but it will be something.”

However, as we eagerly await further developments, no official confirmation of crypto support for the X Money platform has been publicly uttered. So, we shall see!

Final Thoughts

  • Elon Musk announced that X Money is currently in “closed beta” testing, with external testing set to begin shortly.
  • No public confirmation of crypto support has surfaced amid the swirling speculations.

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2026-02-12 14:16