The platform has obtained money transmitter licenses in over four US states and is registered with the Financial Crimes Enforcement Network (FinCEN). These regulatory steps position X to lawfully offer various financial services across multiple jurisdictions.
Among upcoming features are tools for performing a wide range of transactions, including everyday payments such as purchasing goods or tipping content creators, as well as investment and digital fund transfers.
The company has also partnered with Visa to develop the X Money Account, a digital wallet supporting peer-to-peer payments and fund transfers. Previous efforts in this domain include launching the X Money brand and related payment services.
Officials from X have hinted that they may release a debit or credit card tied to the platform before the end of the year, aligning with their goal of integrating financial tools into the broader ecosystem.
Concurrently, non-financial features such as live video, audio calling, and encrypted messaging are being introduced through a service called XChat. These additions, which also include disappearing messages and AI capabilities, aim to increase platform utility.
The company’s long-term strategy is to transform X into a multifunctional platform combining communication, media, and financial activities—a concept often referred internally as the ‘everything app.’
Despite expectations for future cryptocurrency features, no plans have been officially confirmed for supporting crypto transactions or issuing a native digital token.
