Elon Musk’s long-telegraphed vision of turning X into an “everything app” just took its most concrete step yet. The billionaire announced on June 4 that X Money, the platform’s integrated payments system, is becoming available to a wider set of users after months of closed and limited beta testing.
The expansion marks a pivotal moment for a feature that has been in various stages of development since early 2026.
What X Money actually does
The feature set includes peer-to-peer transfers, FDIC-insured deposits up to $250,000, a personalized metal Visa debit card stamped with your X handle, 3% cashback on purchases, and zero foreign transaction fees.
The service is limited to verified users who are 18 or older, which aligns with standard Know Your Customer regulations in financial services.
