Elon Musk officially announced on March 10, 2026, on platform X: X Money will begin early public testing in the U.S. in April.
📌 Basic Information
- Product: Built-in digital wallet/payment system on platform X, comparable to the 'Western version of WeChat'
- Time: April 2026 (U.S. only); internal + limited external testing completed in March
- Positioning: Integration of social and finance, creating a 'super app (Everything App)'
💡 Core Features (Public Testing Version)
- P2P Transfers: Instant transfers between X users, chat to pay
- High-Interest Savings: 6% APY, far exceeding traditional U.S. banks (about 0.01%)
- Visa Payments: Virtual + physical metal debit cards, supporting online and offline purchases, ATM withdrawals
- Fund Security: Custodied by Cross River Bank, enjoying FDIC $250,000 deposit insurance
- Ecosystem Closure: Creator tips, paid subscriptions, and in-app purchases settled directly
- Cross-Border Advantage: 0 cross-border fees
🧾 Compliance and Cooperation
- Has obtained currency transmission licenses in over 40 U.S. states
- Strategic partnership with Visa Direct for instant settlements
- Completed FinCEN anti-money laundering filing
🗓️ Future Plans
- Gradual global promotion
- Future integration of cryptocurrency, stock/ETF trading, credit, and other financial services
📌 Basic Information
- Product: Built-in digital wallet/payment system on platform X, comparable to the 'Western version of WeChat'
- Time: April 2026 (U.S. only); internal + limited external testing completed in March
- Positioning: Integration of social and finance, creating a 'super app (Everything App)'
💡 Core Features (Public Testing Version)
- P2P Transfers: Instant transfers between X users, chat to pay
- High-Interest Savings: 6% APY, far exceeding traditional U.S. banks (about 0.01%)
- Visa Payments: Virtual + physical metal debit cards, supporting online and offline purchases, ATM withdrawals
- Fund Security: Custodied by Cross River Bank, enjoying FDIC $250,000 deposit insurance
- Ecosystem Closure: Creator tips, paid subscriptions, and in-app purchases settled directly
- Cross-Border Advantage: 0 cross-border fees
🧾 Compliance and Cooperation
- Has obtained currency transmission licenses in over 40 U.S. states
- Strategic partnership with Visa Direct for instant settlements
- Completed FinCEN anti-money laundering filing
🗓️ Future Plans
- Gradual global promotion
- Future integration of cryptocurrency, stock/ETF trading, credit, and other financial services