X Money beta testing now live, Elon Musk confirms.

From Cointelegraph
May 26, 2025 11:33 am:

Elon Musk’s payment and banking app, X Money, has begun beta testing after being tipped by Musk in 2022. The billionaire confirmed the news on May 25, stating the test will be very limited at first to ensure the safety of users’ savings. X Money is expected to launch in 2025.

X Money’s trials are in line with the platform’s planned launch this year. Reports suggest the app may launch in 2025 based on software code leaks in January. X has obtained 41 transmitter licenses across the US, laying the groundwork for X Money’s release.

Musk’s vision for integrating payments into X Money dates back to 2022, when he referred to his Twitter acquisition as an accelerator for creating the app. Twitter’s rebranding to X in 2023 hinted at support for cryptocurrencies like Bitcoin. The payment platform was initially set to launch in mid-2024.

Musk’s involvement in the government through the Workforce Optimization Initiative raised concerns about X Money’s potential impact. US Senator Elizabeth Warren criticized Musk’s plans for the payment platform, accusing him of seeking personal financial data from users. The controversy around X Money continues to unfold amid Musk’s ambitious plans.

Read more at Cointelegraph: X Money beta testing now live, Elon Musk confirms.