The launch of X Money has entered a high-profile limited external beta, drawing attention after promotions by Elon Musk and actor William Shatner. The initial rollout focuses on peer-to-peer fiat payments, a debit card with cashback, and cash deposits offering up to 6% APY, though speculation remains about future cryptocurrency integration.
Shatner, tapped for the beta, has auctioned invites for charity and highlighted key features: a $25 welcome gift for new users, an all-black X debit card, and high-yield cash deposits. Musk shared screenshots of the interface and emphasized X Money as part of his vision for an “everything app,” aiming to serve as a central hub for all monetary transactions and reduce reliance on traditional bank accounts.
The service currently holds money transmitter licenses in over 40 U.S. states and is registered with FinCEN. While the beta emphasizes fiat operations, features like “Smart Cashtags” hint at potential future integration of cryptocurrency and stock trading. The limited external beta is set to expand in March and April 2026.
