▲ Elon Musk, X Money, Cryptocurrency Payments/AI-Generated Image ©

Elon Musk has directly revealed the launch timeline for the social platform X’s payment service, “X Money,” reigniting expectations surrounding potential cryptocurrency integration.

According to crypto media outlet Bitcoinist on March 14 (local time), Musk announced in a post on X that early access to X Money will begin next month. This is considered a key step in his plan to expand X into an “everything app” that includes payments and financial services. However, market observers suggest the actual launch is more likely to occur toward the end of April. Decentralized prediction market Myriad estimates only a 15% probability of a launch by April 10, compared with a roughly 73% chance of rollout by April 30.

X Money is expected to go beyond simple payment functionality and evolve into a comprehensive financial service. Market analyst Mario Nawfal explained that the feature could include peer-to-peer (P2P) transfers, merchant payments, high-yield savings accounts, and cryptocurrency functions. During the initial testing phase, users may receive up to 6% annual percentage yield (APY) on cash balances, along with approximately 3% cashback on payments. Deposits are expected to be protected by the U.S. Federal Deposit Insurance Corporation (FDIC) through Cross River Bank.

The payment infrastructure will also be connected to existing financial networks. Users will be able to make instant P2P transfers via Visa Direct, and both physical and virtual debit cards are expected to be offered. If the “Smart Cashtags” feature is introduced, users could click on cashtags for assets such as Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and Dogecoin (DOGE) directly within posts to buy or sell without leaving the platform.

The market reacted immediately to the news. Dogecoin surged about 7% shortly after Musk’s announcement. Cryptocurrency analyst Wise noted that Dogecoin has consistently been the first to respond to Musk-related news. He explained that whenever Musk makes a new announcement, DOGE tends to rally first, reflecting market speculation about potential platform integration.

However, it has not yet been confirmed which cryptocurrencies will actually be supported for payments on X Money. While Musk has openly expressed support for Dogecoin, there has been no official announcement regarding whether DOGE payments will be integrated into the platform. Last year, Musk also commented that Bitcoin is resistant to inflation because, unlike fiat currency, it cannot be issued without limit.

Disclaimer: This article is provided for investment reference purposes only, and we are not responsible for any investment losses incurred based on this content. The information should be interpreted solely for informational purposes.

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