Foresight News reports that Elon Musk reposted a tweet from @Teslaconomics, revealing that the development of X Money will fundamentally change personal financial management. X Money has already undergone closed testing internally. Limited external testing is expected to begin soon, and it has obtained remittance licenses in over 40 states and Washington, D.C. X Payments is registered with FinCEN. Visa has also officially become a partner.
X Money will allow users to instantly top up their wallets, make peer-to-peer payments, transfer funds to bank accounts, and may support debit card payments in the future. Initially, the platform will function as a simple digital wallet for payments, subscriptions, and shopping. In the future, X Money may expand its features to include high-yield savings, investments, loans, and money market accounts.
Elon Musk said, “This will be big.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Launches AI Aggregation Platform GateRouter, One-Click Access to 25+ Large Models and Save Up to 80% Costs
Gate launched the AI aggregation platform GateRouter on March 16, providing developers and AI Agents with a unified model calling interface. Users can quickly access multiple mainstream large models through a single API and enjoy a pay-as-you-go model without requiring a credit card or subscription, offering high credibility and convenient usage.
GateNews10m ago
Aon, PayPal, and Mastercard Enter the Game, Solana Accelerates Real-World Finance Integration
The Solana ecosystem has recently achieved multiple financial integrations. Aon successfully completed premium settlements using PayPal USD on its platform, demonstrating the viability of blockchain in traditional payments. Additionally, Solana is exploring tokenized stocks and access to Nasdaq, and has joined Mastercard's cryptocurrency collaboration program to deepen financial infrastructure cooperation. This marks blockchain payments entering mainstream finance.
MarketWhisper13m ago
WLFI Vote Passes with 99% Support for 180-Day Lock-Up, Trump Family Crypto Project Reshapes Governance
The Trump family's cryptocurrency project WLFI has passed a governance proposal requiring token holders to lock their tokens for 180 days to retain voting rights, while offering 2% annual yield to promote governance participation. This change aims to attract long-term holders and improve low voter turnout, but raises concerns about centralized governance. WLFI also plans to expand the legal applications of stablecoin USD1 by applying for a national trust bank charter.
MarketWhisper18m ago
Surgence Labs: a16z-Backed Project's TVL Breaks $100 Million in Days, Token Oversubscription Doubles
Surgence Labs reveals its operating model and success cases, including a DeFi project with TVL breaking $100 million in days and token oversubscription of 28x. Despite crypto startups reaching record financing, user growth remains limited by lack of distribution channels, funding dependency, regulatory uncertainty, and technical barriers. The institution emphasizes neutrality to avoid conflicts of interest and provides market entry support.
MarketWhisper24m ago
