Elon Musk announced the upcoming release of a beta version of X Money on social media platform X, enabling digital payments for users.
The launch of X Money aligns with Musk's vision of transforming X into an 'everything app', incorporating various digital services including financial applications.
The introduction of X Money is expected to feature Bitcoin and Visa initially, with potential additions of XRP and Dogecoin in the future, catering to the crypto community.
Amidst competition from platforms like WeChat offering integrated payment services, X Money aims to streamline financial transactions within the app.