According to BlockBeats, Elon Musk's payment and banking application, X Money, has entered the testing phase. The account 'Tesla Owners Silicon Valley,' which focuses on news about Musk and Tesla, reported on X that Musk has confirmed the imminent launch of X Money. Musk later verified this information in a post on X.
Before Musk confirmed the testing of X Money, there were reports suggesting that the platform might have launched in January this year due to an alleged software code leak. Data from licensing systems across multiple U.S. states indicate that X has been actively securing transmission licenses for X Money, having obtained 41 such licenses so far.
Musk's plan to integrate payment features into X dates back to October 2022, when he acquired Twitter for $44 billion and expressed his vision to accelerate the development of X as an all-encompassing application.