cryptopolitan.com
There is high speculation that X Money could launch “at any second from now” after a leaked software code associated with the payment system. The leak suggests that the platform may launch in the United States despite not having approvals in some states.
X filed for money transmitter licenses for X Payments LLC to operate across the United States and has secured licensing in 39 states so far.
A suspected screenshot of the latest code reveals, “X Money is not available in your state.” This has led some observers and analysts, including Alex Finn, a famous American entrepreneur, to theorize that X Money will likely launch without approvals from all 50 states.
🚨BREAKING: X PAYMENTS LAUNCHING IMMINENTLY
— Alex Finn (@AlexFinnX) January 2, 2025
New X code has just shipped that reveals X Payments will launch WITHOUT approval from all 50 states
Meaning X Payments could launch TODAY
Creators could start earning WAY MORE money immediately
States it will be available:
1.… pic.twitter.com/8Wej1XrIQK
The platform may support cryptocurrency due to Elon Musk’s openness to digital assets
X Money will help support content creators on the X platform by allowing users to tip them. There are also talks that the payment system will support cryptocurrency, as Elon Musk, the owner of the X platform, has accepted Bitcoin and Dogecoin payments in his other businesses.
One of the X users responded to Finn’s post, saying that creators are about to make money without stringent regulations. “No permission needed, no holding back, just pure opportunity.”
In a self-hosted X space, Finn explained that X payments will support cryptocurrency somehow, clarifying that it will be the fastest way to move currency. He said that crypto will probably be a good amount of rails for X payments.
The speculations around the X payment launch are happening against the backdrop of X CEO Linda Yaccarino confirming on the social media platform in a December 31 X post that X Money would launch in 2025.
However, Aaron Perris, one of the MacRumors researchers, has not authentically confirmed the leaked source code. X is silent on whether the X launch is happening today or not.
X Money launch may happen in phases as some states await approvals
Suppose the launch rumors and speculations are true; the initial launch will happen in 39 states. These are the states where it has already obtained money transmitter licenses. As Finn stated, some states, including Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington, and Wisconsin, wouldn’t be immediately supported.
Elon Musk has been a staunch supporter of Bitcoin, and DOGE and industry analysts hold that memecoin could be among the two cryptos supported by the platform. The speculations may be true as Tesla, a vehicle manufacturing firm that Elon Musk owns, supports DOGE payments while holding Bitcoin worth $1.1 billion.
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