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For Musk, co-founding seven companies wasnt enough.
Now under his leadership a new, ambitious payment system is in the works.
While much remains under wraps, heres everything we know so far about X Money.
Also here are three ways Musk is set to get even more rich.
When Is It Launching?
In 2024, X changed the world.
Now, you are the media.
2025 X will connect you in ways never thought possible.
X TV, X Money, Grok and more.
Buckle up, Yaccarino said, teasing the launch.
What Is X Money?
Musks involvement in X Money reflects his early career in fintech.
It seems like Musk is trying to go back to his original basics with owning finance.
Despite this, X plans to forge ahead with its launch.
Meaning X Payments could launch today.
Securing MTLs is only the first step in creating a one-stop shop financial super-app.
To offer direct shopping to users in-stream, X must also obtain payment processor approvals in every state.
And thats just for the U.S., international expansion may present additional roadblocks.
In China, such an app already exists with WeChat, which boasts over1 billion monthly users.
Musks visions for X in the U.S. parallel what WeChat offers in China.
The expansion of X and the rollout of X Money mark the first step toward this goal.
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