Elon Musk recently revealed at an internal xAI meeting that X's payment system, "X Money," will launch an external beta version within the next 1-2 months before gradually rolling it out to X users worldwide. He described X Money as the core platform for all financial transactions and a key component of X's strategy to create an all-encompassing app.
X Money's launch timeline revealed: an external beta version to be released within 1-2 months.
Musk stated that X Money is currently in "closed beta" testing internally, with an external beta version expected to launch within one to two months. He explained that X Money is positioned as the core platform for all financial transactions and described the feature as having a significant impact.
Drawing on the experience gained from X.com and PayPal in their early years, this may be the origin of the X Money payment concept.
After Musk acquired Twitter (later renamed X) in 2022, he began pushing for the integration of payment functionality.
This idea is also related to his early entrepreneurial experience. Musk founded the online bank X.com in 1999, which later merged with Confinity to form PayPal, and was eventually acquired by eBay. Now, X Money can be seen as an important move for his return to the "digital payments" field.
X's all-in-one app strategy aims to make payment a core daily function.
X Money is considered a key piece of X’s vision of becoming an all-in-one app, aiming to make X more than just a social platform, but a one-stop application platform encompassing social networking, communication, content, and financial services.
Musk stated that X currently has approximately 1 billion installed users, with an average of 600 million monthly active users. He also mentioned that he hopes to add more use cases, such as chat communication, the Grok AI assistant, and X Money payment functionality, to give users more reasons to open X every day.
Musk stated at the meeting that if users wish, their entire life needs could be met within the X App in the future, integrating communication, content consumption, and financial transactions onto a single platform.
xAI is simultaneously expanding its AI computing power, adding 220,000 GPUs to its Memphis data center.
During the same internal meeting, Musk also discussed xAI's AI computing power deployment. He stated that xAI can "deploy AI computing resources faster than anyone else." He introduced xAI's data center "Macrohard" in Memphis, Tennessee, which is an expanded version of an existing data center, adding approximately 220,000 GPUs as computing resources.
Musk pointed out that this hardware will be used to train AI models that users actually encounter, and emphasized that large-scale training computing power is a key infrastructure for creating top-notch models.
Whether it will support cryptocurrencies is still unknown; the initial focus may be on fiat currency payments.
However, it remains unclear whether X Money will support cryptocurrencies. Musk has publicly expressed interest in Dogecoin on several occasions, but this time he did not reveal specific details about cryptocurrency integration. Reports indicate that X has partnered with Visa, so X Money is expected to initially focus on fiat currency payments.
This article, " X Money Expected to Launch External Beta Version Within 2 Months! Musk: To Build a One-Stop Payment Platform," first appeared on ABMedia (a ABMedia ).
