Elon Musk announced the launch of the X Money payment service

Elon Musk, billionaire owner of X Corp., announced the launch of a new payments service, X Money, within the X ecosystem (formerly known as Twitter). This announcement came amid a major update to the XChat messaging app, highlighting Musk's commitment to making X the "app for everything."

X Money Payment Service

In his tweet, Musk stated:
"X just released an entirely new communications stack with encrypted messaging, audio/video calls, and file transfer. […] X will be the app for everything."

This initiative aims to create a universal platform that will unify various functions, including messaging, video calls, and now payments. Musk also invited developers to join the team to collaborate on innovative products.

XChat Update

Entrepreneur and commentator Mario Naufal noted that X has implemented "the biggest messaging update to date." The platform has transitioned to XChat, a unified inbox that combines regular and fully encrypted chats.

Naufal emphasized that users will no longer encounter disparate menus and searching for the "encrypted" tab, as all functions will be available in one clear channel.

XChat Features

As a reminder, in early June 2025, Musk unveiled XChat, a messaging service that includes file sharing, disappearing messages, group chats, and other innovations. XChat provides end-to-end encryption for messages, media, files, and even audio/video calls, which Musk calls "Bitcoin-style encryption."

Naufal also predicts further development of the platform, including cross-device synchronization and integration with future super-app features. He added:

"X has made messaging modern and user-friendly again."

In Conclusion

The launch of X Money and the update to XChat underscore Elon Musk's ambitious plans to create a universal app that will combine all the necessary features for users. Given current trends in digital payments and messaging, X is well-positioned to take a leading position in the market.