Foresight News reports that Elon Musk reposted a tweet from @Teslaconomics, revealing that the development of X Money will fundamentally change personal financial management. X Money has already undergone closed testing internally. Limited external testing is expected to begin soon, and it has obtained remittance licenses in over 40 states and Washington, D.C. X Payments is registered with FinCEN. Visa has also officially become a partner.
X Money will allow users to instantly top up their wallets, make peer-to-peer payments, transfer funds to bank accounts, and may support debit card payments in the future. Initially, the platform will function as a simple digital wallet for payments, subscriptions, and shopping. In the future, X Money may expand its features to include high-yield savings, investments, loans, and money market accounts.
Elon Musk said, “This will be big.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
RHEA Finance Security Incident Update: About a $400k shortfall remains, with a commitment to fully compensate it
RHEA Finance has released a follow-up update regarding the security incident on April 16, confirming that there has been tangible progress in recovering assets. As of this update, it is estimated that there is still an approximately $400k funding gap, mainly due to the combination of NEAR, USDT, and USDC in the lending market liquidity pool. RHEA Finance has committed to fully cover any remaining shortfall to ensure that all affected users receive full compensation.
MarketWhisper18m ago
Volo Protocol vault attacked, losses totaling 3.5 million, remaining TVL confirmed to be safe
The Volo within the Sui ecosystem posted a statement on the X platform, confirming that a security vulnerability occurred, resulting in about $3.5 million in assets being stolen from three specific vaults, involving WBTC, XAUm, and USDC. Volo said it notified the Sui Foundation and ecosystem partners immediately after detecting the attack, freezing all vaults to prevent further losses; Volo pledged to cover all losses and would not allow users to bear any responsibility.
MarketWhisper31m ago
Blockchain.com Adds Perpetual Futures Trading to Self-Custodial Wallet, Supporting 190+ Crypto Markets
Gate News message, April 22 — Blockchain.com has launched perpetual futures trading functionality in its self-custodial DeFi wallet, enabling users to open leveraged positions using self-hosted Bitcoin as collateral without transferring funds to an exchange. The feature routes through Hyperliquid, a
GateNews1h ago
DDC Enterprise Reports Record $39.2M Revenue, Holds 2,383 BTC Worth $182M
DDC Enterprise reports 2025 revenue of $39.2M (+4.6%), holds ~2,383 BTC (~$182M) in the top 30, and unveils the AI-driven DDC Treasury Intelligence Platform for optimized Bitcoin fund management.
GateNews1h ago
ether.fi Restores weETH LayerZero Bridge on All Chains, Increases DVN Count to 4
ether.fi's weETH bridge on LayerZero is back live across all chains, with liquidity minting and redemption re-enabled; DVNs increased from 2 to 4 and rate limits tightened, while more services roll out under security partner guidance.
Ether.fi reports that its weETH cross-chain bridge on LayerZero is restored and live across all chains, with liquidity minting and redemption re-enabled. Security upgrades include expanding DVNs from 2 to 4 and tighter rate limits; more services will be gradually restored under partner guidance.
GateNews2h ago
