Official announcements from X or Elon Musk, and operational status updates from financial news outlets

Elon Musk's X to Launch X Money in 2025, Integrating Bitcoin and Stablecoins, $1 Billion in Bitcoin and ISO20022

Jan 5, 2025, 05:36 PM

Elon Musk is poised to introduce a new financial system through his platform X, with plans for a service called X Money expected to launch in 2025. Leaked code suggests that X Payments may bypass traditional state approvals, allowing for the integration of cryptocurrencies, including Bitcoin and stablecoins. This development could potentially reshape the digital currency landscape, drawing parallels to PayPal's influence during the 2021 bull run. Musk's companies, Tesla and SpaceX, are already linked to significant cryptocurrency holdings, including Tesla's $1 billion in Bitcoin, which could further bolster the platform's credibility in the crypto market.