X has started rolling out X Money to a small group of U.S. Premium+ users, moving Elon Musk’s payments push from closed testing into a broader feedback phase. Dhruv Batura, who leads X Money, said the company wants to “collect feedback and iron out issues” before a wider launch.
The limited release follows Musk’s March early public access timeline and gives paid X users their first look at payments inside the app. The rollout remains gated, with early access focused on U.S. Premium+ accounts rather than a full public launch.
John from X engineering also shared the X Money rollout, asking users who receive access to send feedback as the team iterates on the product. The early test keeps X in control of onboarding, support load and transaction behavior before the service opens to a larger user base.
Early testers have described a consumer banking-style product with quick setup, a $25 welcome bonus, peer-to-peer transfers, a metal card, 3% cashback and up to 6% APY on eligible balances. Public screenshots and posts also point to a Cash Sweep Program that advertises up to $10 million in FDIC insurance across partner banks.
The feature set positions X Money closer to a fintech account than a simple in-app tipping tool. Users are being shown payments for friends, rent-style transfers, card spending and account balance features inside the same platform where they already message, post and follow creators.
The 6% APY offer and 3% cashback are aggressive compared with mainstream checking accounts and many payment apps. Those incentives can help X push early adoption, but they also place attention on eligibility rules, partner-bank disclosures, insurance limits, card terms and whether the promotional rates survive beyond the beta phase.
X Money builds on the platform’s Visa partnership, which was designed to support instant funding, debit-card connections, peer-to-peer payments and bank transfers through Visa Direct. That infrastructure gives X a mainstream payment rail while it tests account features directly inside the social app.
The product also extends X’s broader move into financial and crypto-adjacent tools. XChat, Smart Cashtags and X Money all sit inside Musk’s plan to turn X into an “everything app,” though the current Premium+ rollout remains centered on fiat payments, card spending and consumer banking features rather than confirmed crypto support.
The broader launch timing remains tied to feedback from the U.S. Premium+ test group. X Money is now live for selected users with P2P transfers, Visa-backed card payments, cashback, deposit-yield features and cash-sweep insurance messaging, while the company continues collecting feedback before opening access to more accounts.
The post X Money Rolls Out To Select U.S. Premium+ Users With Visa-Backed Payments appeared first on Crypto Adventure.
