Elon Musk Says X Money Will Formally Launch in April
Elon Musk acquired Twitter for $44 billion in October 2022 and renamed it X as he pursued a super app combining social media, payments and personal finance. X Money is seen as central to that transformation, with plans to let users deposit funds, transfer money and make purchases within the platform, directly challenging fintech companies such as PayPal.
Musk recently confirmed on X that X Money will open for early public use in April 2026, with the service now in testing and moving toward its public debut. The market is watching whether it will offer consumer deposits paying interest of up to 6%. Mizuho downgraded PayPal over the potential competition, but high-yield accounts, custody of customer funds and crypto payments still face U.S. regulatory and licensing hurdles.
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The history behind this eventMusk’s XChat Messaging App Set for April 17 Launch, Advancing Super-App Vision
XChat is a key part of Elon Musk’s strategy to turn X into a “super app” that combines instant messaging, content sharing and financial payments within a single ecosystem. Launching a standalone messaging app means X will no longer rely solely on the platform’s built-in direct messages and will put it in direct competition with WhatsApp, Telegram and LINE, which is widely used in Taiwan.
Musk most recently announced that the iOS version of XChat will launch on Apple’s App Store on April 17, with end-to-end encryption and user privacy as its main selling points. Reports have also highlighted five major features, indicating that the product will seek to attract users with a full-fledged messaging experience. No timetable has yet been announced for an Android version, pricing plans or the launch of financial payment features.
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