The post Elon Musk’s payment system X Money launches this year. Will crypto be allowed? appeared on BitcoinEthereumNews.com.

We just got confirmation that some time in 2025, Elon Musk will be launching X Money, a payment system built to transform X (formerly known as Twitter) into an “everything app.” That kind of app combines social media, payments, and possibly cryptocurrency into one chaotic, and perhaps world-changing experiment. If anyone can pull it off, it’s Elon—love him or hate him. The question now though is: will crypto finally get a seat at the table? Linda Yaccarino, X’s CEO, dropped the news on New Year’s Eve 2024. She also announced extras like X TV and Grok, Elon’s AI baby, to complete the all-in-one fantasy app. A billion users and one dollar sign So X hit one billion users in December. Elon himself confirmed it, though only about 40% of them are truly active, mostly during major events. Still, one billion is no joke. That’s a massive base for a payment system, especially one Elon is positioning as a potential rival to WeChat. If you’re not familiar, WeChat dominates China by letting users do everything from messaging to shopping to transferring money—all without leaving the app. Elon has been eyeing that model for years. The first big hint that X Money was in the works came in November when a dollar sign icon mysteriously appeared on Joe Rogan’s profile. But let’s not forget licensing. X Payments LLC has secured money transmitter licenses in 33 U.S. states, a critical step to operate legally. But New York (America’s Finance Capital) is still a problem. Without a license there, X Money won’t be able to operate in one of the biggest financial markets in the world. The crypto card Now, onto the most interesting part: crypto. Will Elon let X Money handle cryptos? It’s a million-dollar question, and all signs point to a resounding……

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Filed under: News - @ January 1, 2025 7:59 am