Elon Musk is planning to launch a new payments platform, called XMoney, in beta form to select users in April.
In announcing a planned partnership between XMoney and Visa more than a year ago, then X CEO Linda Yaccarino referred to the platform as a so-called “Everything App” — a reference to the kind of all-in-one digital products that combine messaging, social networking, shopping, payments and other services in a single app, such as China’s WeChat.
In a brief post on social media Tuesday, Musk, also the chief executive of Tesla and SpaceX, didn’t specify when the first users will be offered early access to XMoney, which Musk previously described as a platform “intended to be the place where all the money is.”
Here’s what to know about XMoney.
What is it?
XMoney, an offshoot of the social media platform X, is designed as a financial payments platform that enables peer-to-peer transactions, similar to services such as PayPal,
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