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
Kaito AI launches Kaito Studio beta version, with the first batch of 16 partners online
Kaito AI officially launches the Kaito Studio beta, connecting brands and creators, with 16 partners already onboard. The platform reaches 80 million fans and focuses on solving matching, performance attribution, and management issues. More collaboration opportunities will be released in the future.
GateNews2m ago
GMX responds to MegaETH launch progress doubts: Contract has been deployed, official launch date to be determined
GMX responds to community concerns about the MegaETH launch progress by stating that the mainnet has been gradually launched since February. Currently, on-chain TVL remains limited, and most protocols are still in testing. The team is optimizing liquidity and user experience and has not yet confirmed an official launch date.
GateNews11m ago
IoTeX Releases ioTube Security Incident Report: Actual Losses Approximately $4.4 Million, Pledges Full Compensation to Affected Users
IoTeX reports that the ioTube cross-chain bridge incident on March 6 resulted in approximately $4.4 million in losses. 99.5% of the stolen assets have been frozen, and the team has committed to fully compensate affected users. The mainnet has resumed operation, and the attacker’s address has been blacklisted. Meanwhile, efforts are underway to promote decentralized governance and security audits.
GateNews19m ago
Strike has obtained the BitLicense issued by the New York State Department of Financial Services
Odaily Planet Daily reports that Bitcoin payment app Strike has officially received the BitLicense license issued by the New York State Department of Financial Services, allowing it to operate cryptocurrency services locally. Strike also announced the launch of a Bitcoin collateral credit line service, enabling users to borrow fiat currency in real-time for lightning payments or bill payments. Currently, this service supports low-threshold lending and will initially be launched in Georgia and Massachusetts, with plans to expand to more states across the United States.
GateNews41m ago
Cango produced 454.83 Bitcoins in February and plans to use treasury funds to support AI infrastructure transformation.
Cango Inc. reported producing 454.83 Bitcoins in February 2026, with a total holding of 3,313.4 Bitcoins. The company plans to use part of its Bitcoin holdings for expenses and strategic investments, transforming into a global AI and high-performance computing infrastructure provider, upgrading equipment and migrating to regions with lower electricity costs.
GateNews1h ago
BNB Beacon Chain Token Recovery Tool Enters Sunset Phase: What BEP2 Holders Need to Know
The BNB Beacon Chain token recovery tool is now in Phase 1 of its sunset, and 7-day processing will only be available until April 30.
Only mirrored BEP2 tokens are recoverable; holders of unmirrored assets risk permanently losing them.
BNB Chain has begun a phased shutdown of the BNB Beacon
CryptoNewsFlash1h ago
