An apparent leak of the latest software code behind Elon Musk’s X has sparked rumors that X Money — its anticipated payments system — may soon launch.
X has been working to obtain money transmitter licenses across the United States for X Money, securing licenses in 39 states so far.
A purported screenshot of the latest code shows the line: “X Money is not available in your state,” leading some observers, including American entrepreneur Alex Finn, to speculate that it may launch in the US without approval from all 50 states.
X Money would allow X users to tip content creators on the platform. Some speculate that cryptocurrencies could have a role given Musk’s previous openness to Bitcoin (BTC) and Dogecoin (DOGE) payments in his other businesses.
“X payments in one way or another will support cryptocurrency,” Finn said in a self-hosted X Spaces, adding that it is the fastest way to move currency.
“Crypto will probably be a good amount of rails for [X] payments.”
Source: Alex Finn
X CEO Linda Yaccarino confirmed in a Dec. 31 X post that the social media platform would launch X Money in 2025.
However, X hasn’t confirmed the legitimacy of the source code leaked by MacRumors contributing researcher Aaron Perris or whether an X Money launch may be imminent.
Source: Aaron Perris
If it is true, X Money would first launch in the 39 states where X has obtained a money transmitter license.
The payments feature wouldn’t immediately be supported in Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington and Wisconsin, Finn noted.
Related: X launches dedicated payments account, crypto community speculates
Musk’s penchant for Dogecoin (DOGE) has led industry pundits to speculate whether the memecoin would be supported on X Money.
Musk’s electric car manufacturing firm, Tesla, supports DOGE for merchant purchases and holds $1.1 billion worth of Bitcoin (BTC), Arkham Intelligence data shows.
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