New Payment System X Money Coming Soon
In 2025, Elon Musk plans to unveil X Money, a payment system designed to transform X (formerly Twitter) into a so-called "everything app." This app could merge social media, financial transactions, and possibly cryptocurrencies into one ambitious project. But will it work? And most importantly – will cryptocurrencies be part of this vision?
Big Plans and New Features
Linda Yaccarino, CEO of X, announced this groundbreaking project at the end of 2024, alongside other features such as X TV and Grok, Elon Musk's artificial intelligence. The goal is clear: to create an app that can do it all.
One Billion Users on the Horizon
X now boasts over one billion registered users, though only about 40% are active. Nevertheless, this massive user base provides Elon with a solid foundation to position X Money as a competitor to apps like China's WeChat. This model, which combines messaging, payments, and shopping, has been on Elon’s radar for years.
The first hint of the payment system came in November 2024 when a mysterious dollar sign icon appeared on Joe Rogan’s profile. Another critical step was securing money transfer licenses in 33 U.S. states through X Payments LLC. However, New York remains a challenge—without a license there, X Money won't be able to operate in one of the world’s largest financial markets.
The Future of Cryptocurrencies in X Money
Speculation revolves around whether X Money will incorporate cryptocurrencies. Elon Musk, known for his support of Bitcoin and Dogecoin, makes this integration seem likely. Stablecoins like USDC are also in the conversation, as their stability makes them ideal for everyday transactions.
Advances in Bitcoin mining could influence the decision. In 2021, Elon withdrew Bitcoin payments for Tesla due to the environmental impact of mining. Now, with over 56% of mining energy coming from renewable sources, he might reconsider Bitcoin’s inclusion.
A Payment Revolution?
If X Money successfully enables peer-to-peer payments with cryptocurrencies, it could revolutionize the market. No major social platform has yet integrated cryptocurrencies into everyday payments. Elon Musk, however, might be the one to break that barrier.
Everyone is asking whether X Money will deliver a genuine revolution. One thing is certain—if anyone can change the game, it’s Elon Musk.
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