Breaking News: Is Elon Musk Quietly Building a Super Cryptocurrency Application with X?

Elon Musk's ambitious vision for X (formerly known as Twitter) has drawn attention from the crypto market. This social media platform is increasingly adding financial services. According to The Kobeissi Letter, CEO X Linda Yaccarino recently told Financial Times that the platform will soon allow users to invest and trade on the app. This suggests a turning point beyond posting and news feeds. Elon Musk's super app ambition Elon Musk has long stated that he wants X to become "the everything app," combining social media with commerce, finance, and many other things. As early as October 2022, he referred to the purchase of Twitter as "the catalyst for creating X, the everything app." When rebranded as X, Musk aimed for a super app similar to WeChat that includes chatting, payments, content, and shopping. Under Musk, the company was renamed 'X' and expanded beyond posts.

Paid subscriptions and AI chatbots (Grok) already work, and the platform now supports video and audio calls. Musk has repeatedly said that the goal is to handle "someone's entire financial life" on X. This includes banking, payments, and securities that can all exist in the app. This year, Elon Musk even predicted that X could one day match banks in market value – with a valuation of 250 billion dollars equivalent to the largest financial institutions. Yaccarino reiterated this all-in-one vision. She stated that X aims to allow users to "share content, shop, and send money – all in one place." In the latest FT interview, Yaccarino confirmed that next year X will offer investment and trading services directly on the app. She stated in the interview, "Whether I can pay for the pizza we had together last night, or make an investment or trade – that is the future." X switched to Finance Evidence of X's financial motivation is increasing. X has quietly built "X Money", a digital wallet and payment branch. Musk confirmed in May 2025 that X Money is in a limited beta testing phase. Users can now link their debit cards to their X Wallet thanks to a partnership with Visa announced in early 2025. This partnership of Visa enables "security + instant funding" for wallet X through Visa Direct. It will launch in the United States before being deployed globally. Behind the scenes, X has obtained dozens of money transfer licenses from the United States - at least 41 state licenses have been issued. These licenses are necessary to transfer money legally across states, a prerequisite for deploying widespread payment services. The platform shows that X Money could become a full-service financial hub. Industry observers note that these moves could add cryptocurrency functionality. For example, Musk's announcement last year about X's payment plans fueled speculation that Bitcoin and other digital currencies could be integrated. Although Yaccarino and Musk did not name specific coins, Musk's interest in Dogecoin and Bitcoin suggests that cryptocurrency will play some role. Tesla still holds about 11,509 BTC (more than 1.0 billion dollars). Musk has publicly announced the release of cryptocurrency on Mars, so adding cryptocurrency features to X makes sense. Cryptocurrency on X and its impact on the crypto market Crypto analysts believe that embedding payments or crypto transactions into a mainstream application could drive widespread adoption. If X Money eventually supports cryptocurrency, millions of X users could send and receive Bitcoin, Ether, or stablecoins as easily as sending a Tweet. This could create a new liquidity flow: The on-chain trading volume of Ethereum has increased with any news regarding large payment deployments, and the supply of Bitcoin outside of exchanges remains stable as holders anticipate major P2P payment platforms. At the same time, the larger shift of X has been closely monitored by investors. In 2025, X's equity valuation soared as Elon Musk's streamlining improved profits even when revenues were lower. The company was valued at around 40–45 billion dollars by mid-year, close to the peak level of 2021. However, the core social application has seen a decrease in user numbers. Therefore, new services such as financial products are considered Musk's plan to increase revenue. The Financial Times reported that Elon Musk hopes X will recover its advertising losses "soon" as these new features draw attention and bring users back.