What is XMoney, Elon Musk's new digital payments platform?

March 12, 2026

TL;DR

XMoney, an offshoot of the social media platform X, is a financial payments platform enabling peer-to-peer transactions.
Users can fund an X-branded digital wallet via Visa Direct or connect their debit cards for direct payments.
Actor William Shatner teased the beta launch and offered invitations for charitable donations.
XMoney will initially launch in the U.S. and is licensed to operate in 40 states and Washington D.C.
New York officials have expressed concerns and urged against authorizing the app.
Some experts believe XMoney has a good chance of success due to Musk's involvement and understanding of payment systems.
Elon Musk previously co-founded online bank X.com, which later became PayPal.

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