X Money App Inches Toward Public Release Amid Crypto Exclusion

Elon Musk’s fintech initiative, X Money, is now in final testing phases ahead of a scheduled public launch in late April 2026. The app, integrated with the X social media platform, aims to enable peer-to-peer payments, instant transfers, and bill splitting with a projected user base of 10 million within the first 90 days post-launch. Initial rollout will be limited to the United States and Canada, with expansion plans for the EU and select Asia-Pacific markets by Q3 2026. Despite the high-profile association with Musk and the popularity of Dogecoin, the app’s official feature list released on March 8, 2026, does not include support for DOGE-USD. This decision marks a strategic departure from earlier rumors, particularly following Musk’s past endorsements of the cryptocurrency. The omission may reflect regulatory caution or technical hurdles related to stablecoin-backed settlement layers, though no official explanation has been provided. The app is expected to leverage existing banking partnerships, including one with a top-five U.S. financial institution, to facilitate real-time payments via the Fedwire network. Transaction fees are projected at $0.25 per transfer for standard users and $0.05 for premium subscribers, who will also gain access to cashback rewards and early access to new features. The platform will initially support USD, CAD, and EUR, with additional fiat currencies to be added in 2027. Market participants are watching closely: PayPal (PYPL) shares rose 1.8% on the news, signaling investor anticipation of competitive pressure in the digital payments space. However, Dogecoin’s price remained flat at $0.0875, with analysts noting that the absence of platform integration could dampen short-term momentum despite long-term speculative appeal.