Key Takeaways:
- Licensing Progress: X Payments LLC has secured money transmitter licenses in 39 states, hinting at an imminent launch of “X Money,” despite lacking full nationwide approval.
- Crypto Speculation: Observers believe cryptocurrency, including Bitcoin and Dogecoin, could play a significant role in X Money, aligning with Elon Musk’s past ventures.
- 2025 Launch Target: While X CEO confirmed a 2025 launch, leaked code has fueled speculation about an earlier rollout.
Speculation about the imminent launch of “X Money,” the payment system for Elon Musk’s social media platform X, is growing following a leaked code snippet.
The snippet included the message: “X Money is not available in your state,” hinting at potential state-by-state availability.
It seems like X plans to launch X money in the US before getting approval in all 50 states pic.twitter.com/M8QBHf3U6S
— Aaron (@aaronp613) January 2, 2025
X Payments LLC has secured money transmitter licenses in 39 states, though approvals are pending in others like New York and Hawaii.
Entrepreneur Alex Finn speculates that X Money may launch before securing licenses nationwide.
Cryptocurrency integration is widely anticipated due to Musk’s known affinity for Bitcoin and Dogecoin.
Finn suggested cryptocurrencies could play a significant role in X Money, facilitating tipping and other transactions.
X CEO Linda Yaccarino recently confirmed a 2025 rollout target, though the leaked code has raised questions about an earlier launch.
Researcher Aaron Perris, who discovered the leak, has not verified its timeline implications.
The crypto community is buzzing with expectations, especially given Musk’s history of integrating digital payments into his ventures.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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