Is the launch of X Payments imminent with support for Dogecoin?

• X Money is expected to launch in 2025, but leaked code suggests it could appear earlier in the 39 states where X has received regulatory approval.

• The payment system may include support for cryptocurrencies, but X has not confirmed this, so several countries may face initial restrictions.

Elon Musk’s social media platform, X, is expected to unveil its payment system, X Money, in 2025. The development follows confirmation from X CEO Linda Yaccarino, who stated that the feature will be available next year. Recent speculation has intensified after a software code leak suggested that X Money could debut earlier than expected.

The company has actively secured money transmission licenses throughout the United States. So far, X has received approvals in 39 countries, which would allow the payment system to operate in those regions after launch. However, a screenshot of the leaked code contains the line: “X Money is not available in your state,” raising questions about its availability in all 50 states after the release.

Limited in-state availability and potential support for Dogecoin and cryptocurrencies

X Money will likely be limited to a few countries at launch. Observers noted that the service may not be immediately available in Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington and Wisconsin. This restriction suggests that users in these countries may have to wait for further regulatory approvals before accessing the feature.

The nature of X Money’s payment method remains uncertain, but experts believe cryptocurrency could play a role. This was speculated by entrepreneur Alex Finn digital assets could be integrated due to Musk’s long-standing interest in Bitcoin and Dogecoin. Finn also noted that cryptocurrency transactions provide a fast and efficient way to transfer funds, making them a viable option for X Money. However, X has not confirmed whether digital currencies will be supported at launch.

Musk’s history with digital payments

Musk’s previous ventures suggest that cryptocurrency integration is a possibility. His electric vehicle company, Tesla, is currently accepting Dogecoin for certain purchases and owns a substantial amount of Bitcoin. Given its history with digital assets, the inclusion of cryptocurrencies in X Money would be in line with its broader financial strategies.

Despite growing speculation, X has yet to confirm its legitimacy leaked source code or provide an official launch timeline outside of Yaccarino’s statement. If the rumors are true, X Money will initially only be available in states where the company has secured regulatory approval.

As X continues its push into the digital payments space, further details on supported payment methods and regulatory progress are expected in the coming months.