Elon Musk Launches X Money Beta, Prioritizing Caution Before 2025 Launch

Elon Musk has initiated limited beta testing of X Money, a new payment and banking feature being integrated into the social media platform X (formerly Twitter). This approach prioritizes caution due to the sensitive nature of financial transactions. The early-stage pilot program aims to address potential risks before launching fully in 2025 following regulatory approvals. X has secured 41 money transmitter licenses across US states, paving the way for legal operations but still faces hurdles with competitors like PayPal and Venmo.