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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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July 28, 2026
On the web
Musk’s Payments Platform X Money Launches Limited US Rollout After Invite-Only Beta
Technology
"X has opened its financial services platform to paying subscribers in the U.S. X Money is now available to Premium & Premium+ members aged 18+, following an invite-only beta phase. The product gives users a deposit account, peer-to-peer payments and a debit card. The platform integrates with both Visa and Apple Wallet, and offers a digital card plus a physical metal version that can be engraved with a user’s X handle. Advertised perks include up to 6.00% APY, 3% cashback bonuses, no foreign transaction fees and early direct deposit."
April 15, 2026
On the web
X Is Finally Building the Crypto Plumbing That Could Turn Its Payments Ambitions Into Something Real
Startup Fortune
"For years, the “Everything App” vision Elon Musk attached to his $44 billion Twitter acquisition read more like a pitch deck than a plan. That changed today. X CEO Linda Yaccarino confirmed the platform is in the final stages of building out crypto infrastructure for X Money, the payments ecosystem the company has been telegraphing since at least 2023. The regulatory groundwork is already laid, the licenses are in hand, and the engineering focus has narrowed to one stubborn problem: making volatile digital assets usable at the point of sale."
May 28, 2025
On the web
Elon Musk Confirms Surprising New Feature on X
Yahoo Finance
"X owner Elon Musk confirmed on May 25 that the social media platform will soon unveil a payments feature. As the Tesla Owners Silicon Valley informed on X that Musk has confirmed X is launching X Money soon, the billionaire responded, "This will be a very limited access beta at first. When people’s savings are involved, extreme care must be taken."
February 3, 2025
On the web
What Lies Ahead for The XMoney-Visa Partnership?
Digital Transactions
"Leveraging tie-ins with sister companies to facilitate payments and converting fiat currency to cryptocurrency are some of the possibilities that lay ahead for XMoney, the digital wallet from social-media platform X, in the wake of its partnership with Visa Inc."
January 28, 2025
On the web
X Announces a Partnership With Visa to Power X Money’s Wallet
TechCrunch
"Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will use Visa Direct, which is Visa’s solution for real-time money transfers, to load money into X Money’s wallet, connect to a debit card for paying other users, and transfer money back to your bank account."
January 2, 2025
On the web
‘X Money’ Payment System to Launch in 2025: X CEO
Fox Business
"Hours before ringing in the new year, the CEO of X, formerly Twitter, announced the platform will launch a payment system, X Money, in 2025."
March 8, 2024
On the wires
Musk Says X Could Soon Receive Payment Licenses in New York, California
Reuters
"Elon Musk said on Wednesday that his social media platform X could soon receive approval for a money transmitter license in New York, putting the platform a step closer to offering payment features."
January 16, 2024
On the wires
Elon Musk’s X Receives Money Transmitter License in Utah
Reuters
"Elon Musk's social media platform X, formerly known as Twitter, on Monday received a money-transmitter license from Utah, the 15th U.S. state to grant approval as the company explores offering payment features."
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