X expands access to X Money for premium users as Musk pushes ‘everything app’ vision
The platform formerly known as Twitter is rolling out digital wallet features to paying subscribers, powered by a Visa partnership and more than 25 state money transmitter licenses.
Elon Musk’s vision of turning X into a financial services hub just took another step forward. The platform is expanding access to its payments feature, X Money, to premium subscribers as part of its broader push to become the “everything app” Musk has been promising since he bought Twitter in late 2022.
What X Money actually does
The feature set includes peer-to-peer transfers, fund storage, high-yield savings, and debit card functionality.
The payments infrastructure is powered by a partnership with Visa, announced in January 2025. Visa Direct, the card giant’s real-time payments rail, handles the instant transfer component.
X has also secured over 25 money transmitter licenses across various US states.
One thing X Money will not include: crypto. The platform is focusing exclusively on traditional fiat currency transactions, steering clear of blockchain or cryptocurrency integrations.
The premium play
Access to X Money is being tied to premium subscriptions, which start at $8 per month for X Premium and go up from there for Premium+ tiers. Premium subscribers already get perks like ad revenue sharing and enhanced creator tools. Adding payment features to that package gives users another reason to keep paying monthly.
Timeline and rollout
The platform has been running beta tests, with broader public access projected to begin around April 2026. Former CEO Linda Yaccarino had previously outlined a timeline that included limited access starting in 2025, and Musk himself has discussed X Money milestones through posts on the platform.
What this means for investors
The competitive advantage X brings is distribution. If you’re already on the platform following creators, consuming content, and engaging in conversations, having a payment layer built in reduces friction. Tipping a creator, splitting a bill with someone you’re DMing, or paying for premium content becomes a one-tap action rather than switching apps.
Musk has cited WeChat as inspiration for the everything app concept repeatedly. But the US market is different. Venmo, PayPal, Cash App, Zelle, and Apple Pay all have deep market penetration.
The Visa partnership mitigates some concerns. Having a legacy financial institution’s infrastructure behind the payments system provides both technical reliability and a degree of institutional credibility. But the front-end experience, customer support, and data handling will still be X’s responsibility.