Elon Musk Unveils X Money Payment System with Cryptocurrency Trading Features

Elon Musk has made a significant foray into the banking industry with the announcement of X Money, a payment system that will integrate cryptocurrency trading and offer high-yield savings.

The system is expected to launch in April 2026, following a closed beta phase and limited public test. This marks Elon Musk's return to the banking business, nearly two decades after co-founding X.com.

X Money promises to revolutionize the way users manage their finances, allowing them to invest, get loans, have money market accounts, and even access treasury services. The system will also feature Smart Cashtags, which will enable users to trade stocks and crypto directly from their timeline.