Elon Musk's X Money Payment System: Leak Fuels Launch Speculation
A recent leak of X's software code has ignited buzz about the potential rollout of X Money, the much-anticipated payments feature of Elon Musk's social media platform. With X already securing money transmitter licenses in 39 states, rumors suggest that the launch might happen before full nationwide approval.
Key Developments and Speculation
The buzz began with a leaked line of code stating: "X Money is not available in your state." This hint has led commentators, including entrepreneur Alex Finn, to speculate that X Money could launch in certain states first.
X Money is expected to enable tipping for content creators on the platform, and Musk’s history with cryptocurrencies like Bitcoin and Dogecoin has fueled theories about their potential integration. Finn, speaking on an X Spaces broadcast, shared his belief that cryptocurrencies will play a significant role, calling them the "fastest way to move currency."
Finn further speculated, “Crypto will likely provide a good portion of the rails for X payments,” echoing Musk's enthusiasm for digital currencies. Tesla, Musk's electric car company, already supports Dogecoin for purchases and holds substantial Bitcoin reserves, according to Arkham Intelligence data.
Confirmations and Uncertainties
X CEO Linda Yaccarino confirmed in a Dec. 31 post that X Money is slated for a 2025 launch, but the platform has not verified the leaked code or suggested an earlier release. If the leak holds true, X Money would initially launch in the 39 states with approved licenses, excluding Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington, and Wisconsin.
Meanwhile, Dogecoin’s potential inclusion in X Money has industry experts intrigued. Musk’s fondness for the memecoin, combined with Tesla's existing DOGE support, adds weight to the speculation.
Implications for Cryptocurrency
As X gears up to redefine social media payments, the integration of cryptocurrencies could further disrupt traditional payment methods. Whether X Money’s debut occurs in 2025 or sooner, its launch will likely mark another milestone in Musk’s ventures blending tech, finance, and innovation.