X Money Launches In-App Trading and Debit Card, Crypto Integration on the Horizon
X Money, the financial arm of Elon Musk’s social platform X, secured multiple state payment licenses and launched its beta service in May. CEO Linda Yaccarino confirmed that users will soon gain access to an X-branded debit card and in-app investment and trading services, enabling payments, trading, and portfolio management directly within X Money. While the initial rollout focuses on fiat-based features, Musk’s longtime endorsement of Dogecoin and recent regulatory progress—including new stablecoin legislation and a more crypto-friendly SEC—strongly suggest that crypto payments and trading will follow once legal hurdles clear. Crypto traders should watch for broader rollouts and Dogecoin (DOGE) support, as these updates could accelerate digital asset adoption on a major social platform.
Bullish
The announcement that X Money will add crypto payments and trading after its initial fiat-focused launch is a positive development for digital assets. Elon Musk’s endorsement of Dogecoin and new stablecoin legislation indicate a regulatory path forward. In the short term, the fiat services rollout builds infrastructure and user trust; in the long term, integrating crypto—especially DOGE—on a major social platform should boost adoption and trading volume, fostering bullish sentiment among traders.