A look at Elon Musk's efforts to launch the banking and payments service X Money, delayed by US regulatory concerns, as some industry watchers remain skeptical

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TLDR

  • Elon Musk is close to launching X Money, a banking and payments service, after years of delays tied to US regulation.

Key Facts

  • X Money is Musk’s bid to turn X into a super app more than three years after acquiring Twitter.
  • The launch has been delayed by US regulatory concerns.
  • Some industry watchers remain skeptical about the effort.

Why It Matters

  • If it launches, X Money would mark a major expansion of X beyond social media into financial services.
  • Regulatory friction and market skepticism suggest the path to a functioning payments product remains uncertain.

Bloomberg · 2026-04-26 · Read the original

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