Elon Musk Announced the Launch of X Money Payment Service

• Elon Musk has announced the launch of the X Money payment service.
• He made this statement against the backdrop of a large-scale update of the X ecosystem — the XChat messenger.
• In this way, Musk intends to make X an “everything app.”

Elon Musk, the billionaire owner of X Corp, has announced that X Money, a new payment service in the X (formerly Twitter) ecosystem, will soon be launched, which he positions as part of the social network’s transformation into a comprehensive super-app.

According to Musk:

Musk also invited developers to join the team.

In addition, entrepreneur and commentator Mario Nawfal said that X has made “the biggest messaging upgrade.”

He emphasized that the platform has moved to XChat, a single inbox that combines regular and fully encrypted chats:

In early June 2025, Musk introduced XChat, a messaging service. The feature included file sharing, disappearing messages, group chats, and other innovations.

XChat has E2E encryption for messages, media, files, and even audio/video calls — Musk calls it “bitcoin-style encryption.”

Nawfal also predicts further developments, including cross-device syncing and integration with future super-app features, adding:

It is worth noting that in late March, Musk transferred the rights to the X social network to his artificial intelligence (AI) startup xAI. The deal valued xAI at $80bn, and X at $33bn (including $12bn of debt).

At the beginning of October, the entrepreneur became the first person in history to have a fortune of $500 billion. The growth of his capital was driven by Tesla shares, as well as stakes in SpaceX and xAI.

At the end of October, Musk launched Grokipedia, an open-source online encyclopedia positioned as an independent alternative to Wikipedia. The content can be edited by users, but the final word remains with Grok’s AI model. Musk said that the platform’s goal is “the whole truth and nothing but the truth.”