Technology

San Francisco: Elon Musk's social media platform X has started expanding access to X Money, its digital payments service, marking another major step toward an "everything app." After months of delays, the payments platform is now being rolled out to more X Premium users as the company gradually prepares for a broader public launch. Dhruv Batura, Head of X Money, said the phased rollout is intended to help the company collect user feedback and resolve technical issues before making the service widely available. Benji Taylor is a leading design at X App official posted on X App and said " X Money begins rolling out to subset of Premium+ users today." "It already has a ton of great features and perks. Here's an in-app welcome preview we cooked up with some of what's included…" https://twitter.com/benjitaylor/status/2070245446749204788?s20 X Money is a key part of Musk's strategy to evolve X beyond a social networking platform into a complete digital ecosystem that combines communication, commerce, and financial services. The service is designed to allow users to send and receive money, make payments to businesses, store funds within the app, and eventually access services typically associated with traditional bank accounts. Since acquiring Twitter in 2022 and rebranding it as X, Musk has repeatedly described payments as a central pillar of the platform's future. Drawing on his experience as a co-founder of PayPal, he has envisioned a single application where users can manage much of their daily digital life. Elon Musk previously said he wants users to be able to "live their life" inside the X app, without needing to switch between multiple services. https://twitter.com/elonmusk/status/2070253062619328925?s20 Although the launch arrives later than initially expected, the company has chosen a gradual rollout to ensure the platform performs reliably before reaching a wider audience. Early users have reported access to features including peer-to-peer payments, cashback on eligible purchases, and interest earned on cash balances. However, X has not yet officially announced the complete list of features that will be included in the full public release. The payments initiative also supports X's efforts to reduce its dependence on advertising and subscription revenue by expanding into financial services. To strengthen its payments infrastructure, the company has partnered with Visa and has secured money-transmitter licenses across much of the United States, laying the regulatory foundation for future expansion. The rollout comes during a period of rapid growth across Musk's business portfolio, with increased investments in artificial intelligence, digital payments, and space technology. X Money represents more than the launch of a new feature. It signals the company's continued push to build a platform where social networking, messaging, shopping, and financial transactions can all take place in one application, bringing Musk's vision of an "everything app" closer to reality.