In brief
This will be a very limited access beta at first. When people’s saving are involved, extreme care must be taken.
— Elon Musk (@elonmusk) May 25, 2025
Daily Debrief Newsletter


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Tesla CEO Elon Musk confirmed on Sunday that his X platform would soon roll out a payments service in beta mode.
Responding to the Tesla Owners Silicon Valley account's comment that X would launch "X Money soon," Musk wrote: "This will be a very limited access beta at first."
He added: "When people's saving [sic] are involved, extreme care must be taken."
This will be a very limited access beta at first. When people’s saving are involved, extreme care must be taken.
— Elon Musk (@elonmusk) May 25, 2025
Back in January, X CEO Linda Yaccarino said that X Money would debut later this year in partnership with Visa and allow users to connect their debit cards to make peer-to-peer payments.
The world's richest man and advisor to President Donald Trump has talked about making X—formerly Twitter—a multi-purpose "everything app" where people can pay for things. X Money would essentially function as a digital wallet, with Visa enabling users to fund those wallets from their bank accounts and then use it as they would other peer-to-peer services like Venmo.
Since SpaceX boss Musk bought Twitter in 2022, there has been speculation that the website would be used as a crypto payment platform due to the billionaire's frequent praise of the meme coin Dogecoin.
Twitter continues to persist in its push into the payments space. CEO Elon Musk wants Twitter payments to be primarily in fiat currencies, but engineers will build the payments product in such a way that crypto payments could be added in the future, Financial Times has reported. Dogecoin—a cryptocurrency Musk has previously pumped—saw a spike in price after the news was announced Monday, sending DOGE from $0.08 to $0.09. DOGE has since settled back to roughly $0.08, according to CoinGecko data....
But there was no mention of Dogecoin—or crypto—in January's announcement or Musk's latest comment.
Musk has previously said that he's "not actively involved" in the crypto world but likes Dogecoin, the eighth biggest digital coin by market cap, because "it's got the best sense of humor and it has dogs and memes, and I love all those things."
X's press office could not immediately be reached for comment.
A China-based travel booking firm has told U.S. regulators that its plans to establish a $300 million XRP treasury—a corporate-strategy play that has become all the rage among a small crop of public companies following a recent upswing in the cryptocurrency market, despite apparent risks. Webus International filed on Tuesday a Form 6-K with the Securities and Exchange Commission detailing its plans to add the Ripple-linked XRP token to its balance sheet. The Nasdaq-listed firm entered into an ag...
A Korean entertainment firm’s stock soared 143% on Wednesday, shortly after it vowed to allocate a good chunk of its new $500 million raise toward building a Bitcoin treasury—a corporate strategy that’s become increasingly popular among public companies as the price has risen in recent months. K Wave Media, which is listed on the NASDAQ, recently entered into an agreement to sell up to $500 million worth of its common stock to Bitcoin Strategic Reserve KMW, with the aim of reinvesting the procee...
Crypto exchange startup Rails said on Wednesday it has launched its trading platform after raising millions backed by investors including Kraken, CMCC Global, Slow Ventures, Round13 Capital, and Quantstamp. The $14 million raise brings the company’s total funding to $20 million to date, following a $6 million equity round completed in March last year. Rails offers a hybrid model aimed at combining the execution speed of centralized platforms with the asset control and transparency of on-chain cu...