Elon Musk Confirms X Money Beta Testing Ahead of 2025 Rollout
X Money, the payments and banking app Elon Musk hinted at after his Twitter takeover, has now entered early beta testing, according to Musk himself.
First Tests Will Be Highly Restricted for Security
In a May 25 post on X, Tesla Owners Silicon Valley — a well-known fan account — shared that Musk had confirmed X Money is nearing launch.
Musk later responded directly, verifying that the app was undergoing limited beta testing.
“It will be a very limited access beta initially,” Musk wrote. “When people’s savings are involved, extreme care must be taken.”
Launch Timeline Set for 2025
Musk’s confirmation aligns with prior plans from the X Money team, which stated that the app’s full release is scheduled for 2025.
Rumors of X Money’s development resurfaced in January when code leaks hinted at an impending launch. In the months since, X has acquired 41 money transmitter licenses across the United States, according to the Nationwide Multi-State Licensing System.
The Vision for a Financial Super App Started in 2022
Elon Musk’s concept for X Money dates back to October 2022. At the time, Musk called his $44 billion acquisition of Twitter “an accelerant to building X, the everything app.”
In 2023, Twitter officially rebranded to X. CEO Linda Yaccarino later announced that the app would evolve to support limitless interactivity, new media types, and financial services.
This vision led to widespread speculation that cryptocurrencies — especially Bitcoin (BTC) — would be integrated.
Political Reactions Surround X Money’s Ambitions
X Money’s development has grown more prominent under the administration of U.S. President Donald Trump. In January, Musk was named head of the Department of Government Efficiency’s Workforce Optimization Initiative (DOGE).
His role in federal efficiency efforts quickly stirred political debate. Senator Elizabeth Warren voiced concern in February, particularly regarding user privacy and financial data access.
“Musk has lost money on X,” she said. “He wants it to become a huge financial platform that holds people’s sensitive financial information.” Warren also criticized Musk’s reported moves to disband the Consumer Financial Protection Bureau.