Techub News reports, according to Cointelegraph, Elon Musk stated that X Money payment service is gradually expanding its availability. The platform is advancing its financial features to build a "super app" ecosystem that integrates social, payment, and financial services. X has already obtained money transmitter licenses in multiple U.S. states, laying the groundwork for compliant operations. This expansion marks X's formal entry into social payments, aiming to provide transfer and storage services similar to traditional payment apps.
As part of its roadmap, X plans to integrate cryptocurrency payment capabilities in the future, allowing users to send and store fiat currency as well as engage in digital asset transactions. The launch of X Money represents a strategic shift from a pure social media platform to a comprehensive digital life platform, in line with Musk's long-standing vision of a "super app."
X is currently expanding availability in phases, though a specific timeline has not been announced. As additional state licenses are secured, X Money's reach will continue to grow, advancing its super-app strategy.