Elon Musk has announced when X Money will launch—do you know what to expect?

crypthub

about 23 hours ago

Launch Timeline

Elon Musk announced that early public access to X Money will begin next month, advancing his goal to turn the platform into an “Everything App.” Market forecasts on Polymarket show a 15% chance of a launch by April 10 and a 73% chance by April 30. Full deployment of the service is expected later in the year.

Planned Features

The initial rollout will enable peer‑to‑peer transfers, merchant payments, high‑yield accounts and crypto functionality. Users will receive a physical or virtual debit card, enjoy up to 6% APY on balances, and get 3% cashback on purchases, with deposits FDIC‑insured by Cross River Bank. Visa Direct will power instant P2P payments, while “Smart Cashtags” will let users trade Bitcoin, Ethereum, XRP, Dogecoin and other assets directly within posts.

Market Reaction

Dogecoin surged about 7% after the announcement, echoing past patterns where Musk’s news boosts the meme coin first. Analysts speculate that X Money could eventually support Dogecoin payments, though Musk has not confirmed specific crypto integrations. The broader crypto community watches for signs that the platform will deliver real utility for digital assets.