Foresight News reports that Tesla Owners Silicon Valley (@teslaownersSV) stated on the X platform that Musk has confirmed the upcoming launch of X Money, which will be a universal application involving payments and banking. In response, Musk tweeted that X Money will initially restrict user access and will launch a very limited access beta version, as extra caution is necessary when it comes to users' financial savings.

Foresight News previously reported that in January of this year, the code for X was leaked, suggesting that its payment system 'X Money' may be on the verge of launch. X has obtained money transfer licenses for its payment subsidiary X Payments LLC in 39 states in the U.S., but has not yet covered all states. X Money will allow users to tip content creators and may integrate cryptocurrency features. Analysts believe that Bitcoin and Dogecoin could be among the payment options. X CEO Linda Yaccarino has confirmed that this feature will be launched in 2025, but the authenticity of the latest code has not been verified.