Elon Musk Says X Money Launching Soon After XChat Messaging Overhaul – ‘X Will Be The Everything App’

• Elon Musk said Thursday that X Money “comes out soon.”
• The statement follows X’s rollout of its new encrypted communications stack.
• Earlier this year, X and Visa partnered to enable digital wallet and P2P payments.

Elon Musk announced on Thursday that X Money will be launching soon, signaling the next phase of his plan to transform X into an “everything app.”

The move follows X's introduction of a complete overhaul of its messaging system, bringing together encrypted chats, audio and video calls, and file-sharing under a new platform called XChat.

“X just rolled out an entire new communications stack with encrypted messages, audio/video calls and file transfer,” Musk posted on X. “X Money comes out soon.”

On Stocktwits, retail sentiment around X Corp – which is not a publicly traded company – trended in ‘bearish’ territory.

Toward A Unified ‘Everything App’

Earlier this year, X partnered with Visa to enable digital wallet and peer-to-peer payment services, slated to go live in January 2025. The addition of encrypted communications and integrated calling positions X closer to Musk’s long-stated goal of building a universal communications and financial platform – mirroring Asia’s “super apps” like WeChat.

Beta launches began in early 2025 under limited access, with a full rollout planned throughout the year. 

X has already expanded far beyond its microblogging roots since Musk took over in 2022. The highlight of the changes has been the integration of Grok AI for users to make artificial intelligence queries.

XChat - Bitcoin-Style Messaging

According to the company, XChat represents the most significant messaging upgrade in the platform’s history. The new interface combines standard DMs with fully encrypted chats in a single inbox, eliminating the need for scattered menus and separate “encrypted” tabs.

Encrypted chats now support end-to-end encryption for messages, media, file sharing, as well as audio and video calls. Musk describes the system as “Bitcoin-style encryption,” designed to deliver privacy without compromising functionality. Older messages are labeled as unencrypted, and users can activate encryption by setting a PIN.

Like X Money, XChat also represents a major step toward X becoming Musk’s vision of a universal communications hub.

Read also: Circle Stock Gains Pre-Market After JPMorgan Turns Bullish, Cathie Wood’s Ark Invest Buys The Dip

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