X Money is part of Elon Musk’s vision to turn X into an all-in-one app, similar to WeChat in China. With 1 billion installs and around 600 million monthly users, Musk is positioning X as the hub for social and financial activity.

The initial launch will likely focus on fiat payments via Visa, but crypto support may come later. At the same presentation, Musk also showcased xAI’s Macroharder AI data center in Memphis, adding 220,000 GPUs to accelerate AI model training across the platform.

“Deploying large-scale training compute is absolutely fundamental to getting the best models,” Musk said.

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