X, formerly Twitter, is gearing up to launch its digital payment service, X Money, later this year. Elon Musk, CEO of Tesla and owner of X, has been hinting at this feature for three years, aligning with his vision of transforming the platform into a comprehensive “everything app.”
While a firm launch date remains undisclosed, Musk recently announced that X Money’s network infrastructure will undergo limited beta testing prior to its official release. This testing phase suggests a cautious approach to ensuring a smooth and secure rollout of the new payment system. The introduction of X Money marks a significant step in Musk’s ambitious plan to expand X’s functionality beyond microblogging and integrate financial services into the platform.
