X Money Goes Live—With a Glaring Crypto Omission
Another fintech ’innovation’ hits the market—this time with a conspicuous absence. While the industry races toward blockchain integration, X Money’s launch conspicuously sidesteps crypto entirely.
Legacy finance strikes back? The move reads like a calculated snub to decentralized purists, opting instead for the comfort of centralized rails. TradFi players will nod approvingly; crypto natives are already roasting the decision on socials.
One thing’s clear: in 2025, launching without Web3 capabilities isn’t just conservative—it’s borderline rebellious. Whether that’s visionary or myopic depends entirely on which side of the ’have you actually used a blockchain?’ divide you stand.
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.
BREAKING: Confirmed by Elon — X is launching X Money soon
Payments. Banking. The everything app just got even bigger. pic.twitter.com/vVHszUKQC8
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.
