- X Money is expected to launch in 2025, but a leaked code suggests it may roll out sooner in the 39 states where X has obtained regulatory approval.
- The payment system may include cryptocurrency support, but X has not confirmed this, and several states might face initial restrictions.
Elon Musk’s social media platform, X, is expected to introduce its payment system, X Money, in 2025. The development follows confirmation from X CEO Linda Yaccarino, who stated that the feature is set to roll out next year. Recent speculation intensified after a software code leak suggested that X Money may debut sooner than expected.
The company has been actively securing money transmitter licenses across the United States. So far, X has obtained approvals in 39 states, which would allow the payment system to operate in those regions once it launches. However, a screenshot of the leaked code contains the line: “X Money is not available in your state,” raising questions about its availability in all 50 states upon release.
Limited State Availability and Potential Dogecoin and Cryptocurrency Support
X Money is likely to be restricted in several states at launch. Observers noted that the service may not be immediately available in Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington, and Wisconsin. This limitation suggests that users in these states may have to wait for further regulatory approvals before accessing the feature.
The nature of X Money’s payment methods remains uncertain, but industry experts believe cryptocurrency may play a role. Entrepreneur Alex Finn speculated that digital assets could be integrated due to Musk’s long-standing interest in Bitcoin and Dogecoin. Finn also pointed out that cryptocurrency transactions provide a fast and efficient way to transfer funds, making them a viable option for X Money. However, X has not confirmed whether digital currencies will be supported at launch.
Musk’s History with Digital Payments
Musk’s previous ventures suggest that cryptocurrency integration is a possibility. His electric vehicle company, Tesla, currently accepts Dogecoin for certain purchases and holds a substantial amount of Bitcoin. Given his history with digital assets, the inclusion of cryptocurrencies in X Money would align with his broader financial strategies.
Despite the growing speculation, X has yet to confirm the legitimacy of the leaked source code or provide an official launch timeline beyond Yaccarino’s statement. If the rumors hold true, X Money will initially be available only in states where the company has secured regulatory approval.
As X continues its push into the digital payments space, further details regarding supported payment methods and regulatory progress are expected to emerge in the coming months.
Credit: Source link
