The post XRP, DOGE Payments Coming to X? Elon Musk Announces Beta Version of X Money Will be Released Soon ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Elon Musk, owner of social media platform X, confirmed that a beta version of X Money will be released soon, allowing X users to transact digital payments. There was much user speculation as to when X Money would be released. Musk is well known as the CEO of both Tesla and SpaceX. The digital payments launch complements Musk’s vision of turning X, formerly Twitter, into an ‘everything app’, hosting all sorts of digital services, including financial apps, alongside the original social media platform. An insider revealed that X was on the verge of releasing the X Money feature, which would allow payment transactions and banking tools. Musk confirmed the release of X Money, with the caveat that the new feature will have a limited beta rollout and will be released slowly because customer savings need to be taken. The release date is not yet known, but is suspected to be sometime in 2025. The payment services will most likely include Bitcoin and Visa, but crypto adherents believe we could also see an XRP and Dogecoin debut. Facebook Marketplace has provided financial services for some time, allowing users to buy and sell items from within the app. X Money is not the first social media platform to entertain the idea of embedding financial services. TikTok also has a rewards program for creators to earn money from creating videos. X Money, however, plans on making fast payments within the app, effectively replacing traditional banks. Further, Musk is often affiliated with crypto brands like Dogecoin. However, Musk had to abandon plans to allow Tesla cars to be purchased with crypto due to environmental concerns regarding proof-of-work algorithms. Visa announced earlier this year that they were the first payment service to collaborate with X Money. Visa users can send money directly…

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Filed under: News - @ May 27, 2025 11:24 pm