X Money Launching Without Crypto Integration

X Money will begin its beta rollout soon, marking a major step toward Elon Musk’s “everything app”—but there’s a notable omission: no crypto. Despite Musk’s vocal enthusiasm for digital assets like Dogecoin, the new payment system launches with only traditional fiat options, and no sign of crypto integration.

“This will be a very limited access beta at first,” Musk stated Sunday, emphasizing that “when people’s saving[s] are involved, extreme care must be taken.” The cautious tone suggests that while the fintech dream is moving forward, crypto remains on the sidelines—for now.

X Money Takes Shape, Crypto Question Lingers

The development of X Money has been a subject of keen interest since Musk’s acquisition of Twitter in 2022. The billionaire entrepreneur has repeatedly articulated his ambition to transform the social media giant into a multi-functional platform where users can communicate, consume content, and conduct financial transactions seamlessly.

Earlier this year, in January, X CEO Linda Yaccarino provided some initial details, indicating that X Money would debut in 2024. The service is expected to function much like a digital wallet, potentially in partnership with established financial players like Visa, enabling users to link debit cards for peer-to-peer payments. 

While this may position X as a competitor to services like Venmo, Cash App, or PayPal, crypto fans were hoping for something bolder. After all, Musk is no stranger to digital currencies.

Crypto’s Absence Amidst Musk’s Known Enthusiasm

Despite Musk’s well-known affinity for cryptocurrencies, particularly Dogecoin—which he has often praised for its “sense of humor” and meme culture—there has been no official indication that digital assets will be part of X Money at launch. Sunday’s confirmation by Musk continued this pattern, with no reference to crypto integration.

This deliberate exclusion, at least for the initial beta phase, might reflect a pragmatic decision to navigate the complex regulatory landscape of financial services with established, traditional payment rails before venturing into the more volatile and legally nuanced realm of cryptocurrencies. While speculation about X eventually incorporating crypto payments, especially Dogecoin, will undoubtedly persist, the immediate focus appears to be on building a secure and reliable fiat-based payment system.

The exact timeline for the “very limited access beta” and a subsequent broader rollout of X Money remains unspecified. For users and industry observers alike, the launch of X Money will be a closely watched development, marking a significant step in X’s transformation, even as the crypto question hangs in the air.

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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.