Rumors are swirling around the potential launch of Elon Musk's much-anticipated "X Money" payments system, following an apparent leak of software code. Observers believe the system could go live "at any second now," though X, the social media platform formerly known as Twitter, has not officially confirmed these claims.
The code leak, reported by MacRumors contributing researcher Aaron Perris, includes a message stating, “X Money is not available in your state.” This revelation has led to speculation that X Money could initially launch in select US states where X Payments LLC has already secured money transmitter licenses.
To date, licenses have been obtained in 39 states, leaving Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington, and Wisconsin without immediate access.
Cryptocurrency Integration Speculated
X Money is expected to allow users to tip content creators directly on the platform, potentially leveraging cryptocurrency as part of its payment infrastructure. American entrepreneur Alex Finn, speaking in an X Spaces discussion, suggested that cryptocurrencies like Bitcoin and Dogecoin could play a significant role in the system, citing their efficiency in facilitating transactions.
“Crypto will probably be a good amount of rails for [X] payments,” Finn stated, reinforcing Musk’s history of supporting cryptocurrency payments through his other ventures, including Tesla.
Official Confirmation Pending
Despite the growing excitement, X has not verified the authenticity of the leaked code or clarified the timeline for an X Money launch. However, CEO Linda Yaccarino recently announced in a Dec. 31 post that the platform plans to roll out X Money in 2025.
If launched as speculated, X Money would debut in the states where licenses have been secured, potentially leaving users in the remaining states to wait for additional regulatory approvals.
The potential launch of X Money aligns with Musk’s broader vision of transforming X into a comprehensive platform that integrates social media with financial services.