# X Money Launches in the US

Elon Musk's vision of an 'everything app' comes to life in the US.

- **Source:** [The Verge](https://www.theverge.com)
- **Published:** 2026-07-27
- **Topic:** [Finance](https://brifing.si/c/finance)
- **Original article:** <https://www.theverge.com/tech/971649/x-money-launch-elon-musk>
- **On Brifing:** https://brifing.si/s/bc3806fa-6062-4570-8c4f-97e41b88e969

## What is X Money?

X Money is a payment platform introduced as part of Elon Musk's mission to turn X into an 'everything app.' It offers a digital wallet and peer-to-peer payment features similar to Venmo.

## Launch Date

X Money is now available to X Premium and Premium Plus subscribers in the US as of today. Previously, the platform was limited to an invite-only beta.

## Key Features

X Money offers features like Apple Wallet support, free money transfers, and a metal Visa card where users can emboss their X username.

## APY Rate

The platform offers 'up to 6%' APY for Premium Plus subscribers. Standard Premium subscribers can achieve this rate by depositing a certain amount of money.

## Security Concerns

Senator Elizabeth Warren has warned that X Money could pose risks to 'consumers, national security, and the stability of the financial system.'

## Elon Musk's Vision

Elon Musk has long aimed to launch a payment platform on X. In a 2023 meeting, he stated, 'If it involves money, it’ll be on our platform.'

## Sources covering this story

- https://www.theverge.com/tech/971649/x-money-launch-elon-musk — 

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_Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._