X Money, a payments platform associated with Elon Musk, has launched its beta program, signaling a new phase in the company’s push into consumer financial services. Despite long-running speculation about a potential tie-in with Dogecoin (DOGE), the cryptocurrency is not included in the beta rollout.
Beta launch marks latest step in X’s payments push
The beta release introduces the platform’s early feature set alongside promotional incentives aimed at attracting initial users. While full technical details and a comprehensive list of supported assets have not been disclosed, the launch underscores X’s broader ambition to expand beyond social media into payments and financial tools.
The move follows sustained efforts by Musk’s companies to build payments functionality into their ecosystems. In the United States, such services typically require state-by-state money transmitter approvals, a process that has been underway for X’s payments initiatives.
Dogecoin notably absent despite long-running speculation
Dogecoin, the meme-inspired cryptocurrency launched in 2013, has frequently been linked to Musk due to his public comments and past integrations, such as enabling DOGE payments for select Tesla merchandise. However, the beta version of X Money does not include DOGE support, tempering expectations that the coin would be integrated at launch.
The omission highlights a cautious approach to crypto features in mainstream payment products. As of the beta launch, there has been no official timeline or confirmation regarding future Dogecoin support on the platform.
What to watch
Key details to monitor include the platform’s roadmap for asset support, geographic availability, regulatory progress, and how incentives evolve as the beta scales. Market observers will also watch for any subsequent updates that could expand crypto functionality or clarify how digital assets will fit into X Money over time.