Musk’s X Payments Service officially took part in the beta test this week, with CEO Tesla seeing a careful rollout approach for the much-anticipated payments feature. The announcement illustrates the key steps X in converting social media and financial services into “all apps” and the integration of potential cryptocurrencies in the future.
Limited beta rollout prioritizes user security
Musk confirmed the limited beta launch when responding to speculation about X Money availability, and his response highlighted the careful approach the company is taking. It appears that the focus is now on establishing a secure foundation before expanding access to a wider user group.
Elon Musk said:
“This will be a very limited access beta at first. If people’s savings are involved, you need to be extremely careful.”
This will be a very limited access beta at first. If people’s savings are involved, extreme caution must be given.
– Elon Musk (@elonmusk) May 25, 2025
Musk’s careful approach to X payments reflects user security and regulatory compliance concerns. At the time of writing, only selected users have access to test the features and traditional payment features of the DogeCoin X platform. This makes sense given the delicate nature of financial services.
Visa Partnership strengthens your payment infrastructure
X Money is operated through a partnership with Visa, which allows users to connect debit cards to peer-to-peer transactions. The service acts as a digital wallet that allows users to fund their accounts from the bank and use things like Venmo and other similar platforms.
Linda Yaccarino previously outlined these plans in January, but confirmed that the collaboration will debut this year. Visa Partnership provides the foundation for both traditional payments and potential blockchain-based payment integration.
According to a report by the Financial Times, engineers are reportedly building crypto payment services architectures to support future cryptocurrency additions. With this technical approach, X is showing a positive plan while keeping its digital asset options open while testing Fiat payments.
Speculations about DogeCoin integration continue
There is no official confirmation, but speculation about the Dogecoin X platform continues based on Musk’s historical support for Meme Cryptocurrency.
Elon Musk said this about his code preferences:
“I’m not actively involved in the crypto world, but I like dog coins because I have the best sense of humor and have dogs and memes.
The technology built for X Payments is designed to handle cryptocurrencies such as Dogecoin if the company decides to work with them in the future. The company will be able to add blockchain-based payments at a later stage.
Market impact and future development
After the beta release, Elon Musk’s crypto news and analysts are monitoring the rise in cryptocurrency usage. At the time of this article, the app remains open only to beta testers, but the company must provide additional access over time, and the platform shows security and stability.
By slowly introducing Musk’s X payments, the company appears to be concerned about the security issues other fintech companies have encountered over the past few years. Our partnership with Visa allows the platform to work towards compliance with regulations and avoid the problems that often arise when developing other services.
Payment is at the heart of how X aims to expand from social media to an all-in-one platform. It is not clear whether blockchain payments and Dogecoin integration will appear on this platform, but the framework appears to be ready for many payment options as it becomes more widely accepted.
